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Main => General Discussion => Topic started by: Erlich Bachman on June 26, 2015, 05:43:02 am

Title: A new competitor : NASDAQ
Post by: Erlich Bachman on June 26, 2015, 05:43:02 am

has just hired a company to build a private blockchain for securities settlement. 

I wonder how many TPS it will allow?

http://www.coindesk.com/chain-nasdaq-partnership-pr-stunt/

(http://media.coindesk.com/2015/06/Screen-Shot-2015-06-25-at-3.13.24-PM.png)


"the pilot will be operational by the end of 2015, with Chain shares trading on the platform alongside an inaugural batch of other private companies."


ChainShares?  Why didn't we think of that?!

Title: Re: A new competitor : NASDAQ
Post by: fav on June 26, 2015, 05:44:04 am

private blockchain... it's still the old centralized game, I don't think you can compare the use of technology with open chains

Title: Re: A new competitor : NASDAQ
Post by: btswildpig on June 26, 2015, 08:43:14 am

Quote from: Erlich Bachman on June 26, 2015, 05:45:28 am

Does this mean that NASDAQ will begin mass layoffs in 2016 after the blockchain takes their "securities settlement" jobs.  Wall St is just the next industry made obsolete by technology.

I'm just glad Cryptonomex didn't take that gig... Or this one: 

http://cointelegraph.com/news/114655/cameroon-government-implements-centralized-altcoin-trest

the Trestor ("trust our") Network is secured by volunteers.  Volunteers who want to spend their free time working for the government without pay.  How much "Free" spam transactions do you think that they will get in the first hour?

Have you seen modern equipment lay off the traditional "black box" on the planes yet ?

safety is all the big guys care about , change is not gonna happen overnight .