Digital Currency / #Bitcoin Related Technology Could Accelerate Trading & Transaction Settlement on #Wall Street
They added: “It is not bitcoin itself that has the potential for changing the institutional capital markets. The #blockchain, the technology that allows bitcoin to exist and be transferred safely without an intermediary, presents a much bigger opportunity for financial services firms.”
“Can Bitcoin and the blockchain be separated effectively? Can private blockchains operate without losing the benefit of the public blockchain?”
A series of startups want to use the digital technology to execute and settle trades, saving Wall Street banks and investors billions of dollars by radically reducing a transaction’s lifespan.
Some want to strip blockchain (aka digital currency) away from bitcoin for use on Wall Street, creating a private system where trading partners are known to each other.