Nasdaq Is Serious About Using the Blockchain as a Ledger to Track Stocks

Updated 8.13.15, 5:20 PM EDT by Kif Leswing

Nasdaq will use the blockchain to track shares of privately traded companies. Chain is providing the technology.
Nasdaq executive Bob Greifeld told Bloomberg the technology will be "of fundamental importance to Wall Street."
It's expected that Nasdaq will use "colored coin" technology to track stocks -- so it won't be using Bitcoin as a currency. Still, Nasdaq plans to continue looking into blockchain technology and new programs going forward.

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