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Bitcoin => Press => Topic started by: ezak on November 30, 2015, 09:42:46 AM



Title: [2015-11-30] Provable market data - bitcoin liquid index now on the blockchain
Post by: ezak on November 30, 2015, 09:42:46 AM
Provable market data - bitcoin liquid index now on the blockchain

The ability to offer 'provable market data’ had previously been costly, impossible or extremely difficult. A new partnership between two Australasian companies has resulted in a process they are calling “Market-Chaining,” where financial data such as market indexes, quotes and trades will be secured on the Blockchain, providing immutable receipts.

The first data stream to be offered in this format will be from BNC's very own data division. The Bitcoin Liquid Index (BNC-BLX) is a comprehensive historic and live bitcoin index, purpose built for the settlement of bitcoin derivatives. As financial service operators use blockchain technology for exciting new solutions like ‘proof of reserves,’ market appetite is also growing for ‘proof of settlement,’ which is one of the verification and auditing implications of Market-Chaining.

BNC was founded in 2013 by a trio of experts with experience in Big Data and system architecture. While most readers are aware of the news division, BNC is a privately-held data and research company, with staff in New Zealand, Australia & NYC. The company offers Market Data, Research, and Solutions for the financial services sector.

This brand new solution is the result of a partnership with Australian based Smartbit. Founded in 2013 by Jarred Spriggs and Charles Wakefield, Smartbit provides an explorer and search engine for the blockchain. Aside from collaborating with BNC, Smartbit provides search results, charts, graphs, and other quick access to bitcoin blockchain data, with an intuitive search process and filtering tools.

http://bravenewcoin.com/news/provable-market-data-bitcoin-liquid-index-now-on-the-blockchain/