Nasdaq Partnership with Chain Marks a New Trend

Recently, Wall Street companies have become increasingly interested in Bitcoin’s technology. One of these companies is Nasdaq OMX Group Inc.; this week Nasdaw announced a partnership with Cain – a new San Francisco-based startup – for a ‘Pilot Test Program’ to test trading private company shares with the blockchain.
Also Read: Nasdaq OMX to Bring Blockchain Technology to Wall Street
Bob Greifeld, CEO of Nasdaq, stated:
‘We are excited about the potential impact of this new endeavor with Chain on the transaction process. As Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development. This Nasdaq Private Market project aims to simplify the overwhelming challenges private companies face with manual ledger record-keeping. As blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development.’

This post was published at Inside Bitcoins on Jun 29, 2015.