How Nasdaq is changing the stock market with blockchain
The U.S. Securities and Exchange Commission's (SEC) decision to approve Nasdaq's structure for moving stocks onto the blockchain marks an important step in the integration of crypto technologies on Wall Street. This opens up opportunities to leverage the benefits of distributed ledger technology in the traditional financial industry, while preserving the existing model of intermediaries and market infrastructure.
On one hand, this approach can improve the efficiency and transparency of the stock market through instant settlements, reduced errors, and lower transaction costs. On the other hand, critics argue that Wall Street is trying to take control of blockchain technologies to maintain the dominant position of key players and prevent major changes in the market structure.
According to experts, the SEC's decision is a compromise that allows large financial players to gradually implement blockchain, without disrupting the established business model. This demonstrates that Wall Street is seeking to take control of the development of crypto technologies, rather than fully embracing a decentralized approach.
Conclusion
The SEC's approval for Nasdaq reflects the general trend on Wall Street towards integrating blockchain into the traditional financial infrastructure. This allows major players to take advantage of the benefits of new technologies, while maintaining their dominant position in the market. Despite certain benefits for market participants, this approach limits the revolutionary potential of blockchain and cryptocurrencies.