Articles

How is blockchain technology going to disrupt the stock market industry?

by Riya Steve Marketing

First off, I have to admit that the hype around blockchain technology is at its peak right now. It’s so hyped and exaggerated, it almost makes it seem capable of taking over the entire world tomorrow. It’s not, it’s fairly new and it’s going to take a couple of years before it is prominently implemented in businesses.


Blockchain technology being a “digital ledger”, isn’t going to disrupt the stock market industry. It can however, support the industry. 


Since it is a decentralized platform, it can remove the need for stock broker agents from overseeing transactions. Being a peer-to-peer system, it makes third-party or intermediary involvement unnecessary.


The concept of Initial Coin Offerings (ICOs) is raising capital by offering a project’s crypto coins in exchange for other forms of cryptocurrency or fiat currency. Investors who acquire crypto coins can trade them for coins of higher value. In this regard, blockchain comes close to resembling the system of a stock market, but not entirely. 


Blockchain can aid in facilitating transparency in viewing all the transactions that have been made in its truest form. It disallows modification of any type of data in the chain.


Although blockchain technology won’t really disrupt the stock market industry, it can complement it in many ways.





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About Riya Steve Advanced   Marketing

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Joined APSense since, October 25th, 2018, From Chennai, India.

Created on Aug 29th 2019 09:10. Viewed 367 times.

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