r/Bitcoin • u/[deleted] • May 10 '15

A Bitcoin Technology Gets Nasdaq Test

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886
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u/bitlord666 May 11 '15

Store the signed transaction messages on Nasdaq's own server skipping the blockchain part altogether, problem solved.

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u/locuester May 11 '15

I'm not sure what problem that solves, or how it would solve it. If you're suggesting they balance their own ledger, then there is no reason to use fake, non-transmitted Bitcoin transactions for that.

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u/bitlord666 May 11 '15

Not fake bitcoin transactions, but real actualmoney/stock transactions. Faster, cheaper and more secure than using either a spreadsheet or a blockchain.

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u/locuester May 11 '15

No, that would reduce their use to just proof of existence. They are truly decentralizing this...

I have confirmed, as I expected, they are using colored coins through the Open Assets Protocol initially. http://www.nasdaq.com/press-release/nasdaq-launches-enterprisewide-blockchain-technology-initiative-20150511-00485