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Stock Trading over Blockchain Technology




Blockchain, the digital ledger behind Bitcoin, is perhaps the cryptocurrency’s most fascinating (and intelligent) feature, with its ability to securely and openly record transactions.

Stock trading is a confusing hodgepodge of property trading hands, blockchain-powered trades seems like a surprisingly excellent idea.

Overstock.com is an online retailer that has warmly adopted Bitcoin and the blockchain, and now it’s taking the crypto-love one step further: the SEC has approved Overstock’s plan to issue public securities. That’s a stride forward for the blockchain as a technology, seeing that it’s currently been limited mostly to Bitcoin.

A blockchain is a platform for making a publicly-available, non-changeable register of transactions. Users can write transactions to the chain (and have them verified by a vast network of computers), but cannot subsequently delete those entries. In the absence of a central bank, it’s what keeps Bitcoin ticking.

In the hands of Overstock, that same system will power issuing company stock, via a subsidiary called TØ.com. The company hasn’t announced exactly when it will be issuing crypto-securities, but CEO Patrick Byrne informed Wired that it’s high on their list of priorities for 2016.
Henry Banayat

Henry Banayat

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