[2016-06-08] ET: Blockchain: a game changer for market?

Blockchain: a game changer for market?

http://economictimes.indiatimes.com/markets/stocks/news/blockchain-a-game-changer-for-market/articleshow/52645664.cms

Wall Street is excited about Blockchain. Nasdaq CEO Bob Greifeld has said his company needs to be a "rapid applier" of the technology. Autonomous Research has called the technology a "game changer". Goldman Sachs has said the use of Blockchain technology in stock trading could result in $6 billion in industry cost savings globally.

There's no shortage of hype, but widespread implementation is still a long way away in the highly regulated financial services industry.

While the rest of Wall Street watches, the Australia Securities Exchange (ASX) is pioneering the attempt to implement blockchain technology in a large scale market. The exchange is looking at replacing its clearing system with a blockchain solution, and will make a decision on whether to go through with the change by mid-2017.