3 ms·
Tracking stock ownership (at least in the US) is both messy and slow. And companies do either make mistake or do not honor their engagements (a la FTX, for exam
by csomar 4y ago
Tracking stock ownership (at least in the US) is both messy and slow. And companies do either make mistake or do not honor their engagements (a la FTX, for example, by not actually having the stock and trying to procure it later when needed).
A blockchain solution can make settlements faster, final and prevent the current issues. It also means you no longer need a broker to hold your stocks/assets. More sophisticated users can run their own "wallet".
- newswasboring 4y agoThis is a bizzare comment. To show how Blockchain can help you use the most recent example of Blockchain ecosystem failing?
- matheusmoreira 4y agoA centralized cryptocurrency exchange failed because they gambled away their reserves and suffered a bank run. Nothing to do with the underlying blockchain technology, just good old unregulated banks screwing over everyone.
- codehalo 4y agoYour comment is telling of the lack of understanding of blockchains 13 years in. Unreal. No wonder exchanges and consultancy firms are getting away with baffling the public and businesses with bullshit.
- matkoniecz 4y ago> do not honor their engagements (a la FTX, for example, by not actually having the stock and trying to procure it later when needed). how blockchain would block theft without blocking valid transfer? This requires checking real-world data so all blockchain stuff does not help at all. (the same transfer may be considered as valid or as a theft by different groups of people! See various stories about evacuated gold reserves of countries that were taken over.)