The 'Atomic Ledger' project, involving the Toronto Stock Exchange (TMX) and the UK's National Physical Laboratory, is experimenting with the use of atomic clocks to timestamp trades which are then recorded directly on a distributed ledger, which could aid in MiFID II compliance for EU financial markets.
Up Next in Blockchain
Nasdaq proposed a Blockchain-based asset ownership data storage system. This system enables data to be stored on a public ledger while ensuring privacy through each block’s cryptographic hash value .
Nasdaq Files Patent for Blockchain-based Asset Ownership Data Storage System
Nasdaq seeks patent for storing ownership information of assets on a Blockchain, not yet ready to implement technology.
The prospect of blockchain technology remaking financial services just moved a step closer to reality, after banks including Goldman Sachs and JPMorgan completed a successful six-month test in the $2.8 trillion equity swaps market.
Blockchain Gets a Wall Street Win: ‘We Know the Thing Works Now’