2015-05-11 — ft.com
``"It brings a level of auditing that's based on mathematics and not based on trusting a third party," said David Johnson, chairman of Factom Foundation, a start-up trying to expand the use of the blockchain beyond bitcoin.
Hmm, wonder if they will have to code in exceptions to allow naked shorting... Anyways, here's a better article:
Instead of using bitcoin, NASDAQ will apply this technology to securities bought and sold on a market for private companies. Shares in these companies are often bought and sold using a slow, informal system in which lawyers must manually verify transactions, according to the Wall Street Journal. The blockchain could significantly increase the pace at which trades can be executed.
Thank god; eliminating more brainless-yet-highly-paid financial lawyer positions is good for us all...
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