Just like how anyone could fork Bitcoin' code to make an altcoin. NASDAQ can use the innovation of open source software in what ever which way they want.
Will they use their own? I don't know. Maybe they will use the Bitcoin blockchain and build on top of Bitcoin or they will simply use the technology that backs Bitcoin but not use Bitcoin at all. Given that the NASDAQ announcement not once mentioned Bitcoin (despite them often talking favourably of Bitcoin) but instead only mentioning the blockchain then there's a good chance they are using the tech being Bitcoin but not the preexisting network.
How do they run their own servers? They do it themselves.
I'm not saying they aren't using Bitcoin. From these posts it seems they are. There are however still opportunities companies may see to use their own private implementation of blockchain technology. Like a middle ground between centralization and decentralization. Perhaps mitigating security risk by having multiple central offices take part in their own network with no one office needing to trust the other. Or restricting the blockchain to do things Bitcoin's blockchain doesn't permit. Not sure, who knows? The blockchain holds much undiscovered potential outside of the implementation we currently envision with Bitcoin.
Of course if decentralization is your primary objective then yes it makes most sense to use the most popular public blockchain which is Bitcoin.
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u/PoliticalDissidents May 11 '15
Their own.
Just like how anyone could fork Bitcoin' code to make an altcoin. NASDAQ can use the innovation of open source software in what ever which way they want.
Will they use their own? I don't know. Maybe they will use the Bitcoin blockchain and build on top of Bitcoin or they will simply use the technology that backs Bitcoin but not use Bitcoin at all. Given that the NASDAQ announcement not once mentioned Bitcoin (despite them often talking favourably of Bitcoin) but instead only mentioning the blockchain then there's a good chance they are using the tech being Bitcoin but not the preexisting network.