Bitcoin Forum

"Nasdaq OMX Group Inc. has named San Francisco-based startup Chain as its partner for a pilot, announced in May, to test Bitcoin technology for the trading of shares in private companies.

Founded in 2014, Chain provides infrastructure to financial institutions wanting to use the blockchain, which is the technology underlying the digital currency Bitcoin, in their products and services. The blockchain enables entities to digitally transfer money and other assets directly, securely and near instantaneously.

Nasdaq will be testing the blockchain in Nasdaq Private Market, which is a marketplace for pre-IPO trading of shares in private companies; launched in January 2014, it so far has more than 75 clients.

”We are excited about the potential impact of this new endeavor with Chain on the transaction process,” Bob Greifeld, CEO of Nasdaq, said in a statement, adding that the manual process of tracking shares can be overwhelming. “As blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development,” he said."


http://www.forbes.com/sites/laurashin/2015/06/24/nasdaq-selects-bitcoin-startup-chain-to-run-pilot-in-private-market-arm/?utm_campaign=Forbes&utm_source=TWITTER&utm_medium=social&utm_channel=Investing&linkId=15095388


NASDAQ is finally coming to terms and joining the bitcoin blockchain. This has just started. So many good news lately pulling up. It's only a matter of time until it starts translating into the price. Just relax and get comfy in your long travel as you hold.

Will the blockchain as it is today be able to deal with all the extra transaction volume these companies would bring without collapsing the network?

Yeah, it will be fun once wall street jumps in with both feet.  I was looking at an alt coin the other day, thinking I could move the market all by myself.  Try that with a stock!  Just wait, I hope it happens :)

Good! Great to see them jumping in.

I think they are adopting blockchain not bitcoin, or called ledger to keep the trading record of shares. The title "bitcoin startup chain" is a bit misleading! It makes us tend to think the company is adopting bitcoin! But it will boost the awareness of bitcoin as well!

they got to pay the 'miners' for the network and the whole shebang and they badly want this big beastie of a solid very very large network for security and yes..its 'blockchain'

so they have to deal with the bitcoin end of all this too..and of course the 'pesky' open source stuff (nasdaq ewwwww open source) which they likely hate worse :)

or

start from scratch with their own token/coin/blockchain probably non-open source blockchain networlk .....for BANKERS and wait like 5 or 6 years to get up to snuff

(heh ..like that is gonna get any kind of traction ) lol :)

They are right, it is good for the promotion of the coin.