How blockchain could revolutionise bourse trading and management
But the new technology's public nature is a double-edged sword that both contributes to and detracts from its appeal.
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IMAGINE a utopia where all share ownership and transfers are captured on a single ledger, one that can reflect multiple levels of ownership. That's one of the promises and a potential benefit of blockchain, the technology behind bitcoin.
A blockchain is made up of blocks comprising batches of valid transactions. Employed on a grander scale, a vast network of participants connected via computers (nodes) can communicate with one another according to an agreed protocol and a consensus mechanism by which they individually add to and verify transactions. Validated transactions are then added to the ledger, becoming part of the block. Blockchains can either be open to the public, or limited to a set of participants who have been granted access. The advent of blockchain technology presents many possibilities for stock markets.
Decentralised digital ledger
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