Security Settles on Ethereum in Blockchain Post-Trade First


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Coindesk is reporting a first-of-a-kind Ethereum transaction on blockchain.

I think it was a necessary experiment, even though it is really clear that a security will settle first using blockchain technology in the after market. Additionally, the test was run over a decentralized blockchain, but the whole set-up of the different parts of the system made it very centralized and excludes third parties entering the system. But all in all it was a experiment well done, showing the future potential of blockchain technology.

It illustrates the vision of ChainBLX to scale such transactions to create a completely decentralized economy, which will include trading of digitalized stocks, fiat currencies, cryptocurrencies, options directly with each other, without the additional step of going through the traditional banking system.
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