Blockchain technology is slowly becoming more, and more accepted as a better means of tracking and trading financial securities. With the creation of such entities as Ethereum, and Antshares (now NEO) traditional publicly traded companies have been afforded an opportunity to bring their organizations up-to-speed with the latest technology. We have already seen the adoption of blockchain technology by major corporations as an addition to various product suites (e.g: IBM, Microsoft, Deloitte, Accenture), however; it was not until the online retailer Overstock.com issued ~126,000 of its shares in December of 2016 using blockchain that a company has utilized the technology to change the fundamental underpinnings of their corporate structure.
Overstock's decision to move a portion of its shares to the blockchain represents two year of working with the startup t0 (t-zero) to create an exchange using the Bitcoin blockchain that could accommodate the project. Overstock.com and t0 plan to continue their strategic partnership into the foreseeable future in order to provide a friction-less way for other public companies to follow suit using the same platform. This certainly is not the beginning of the end for exchanges such as the NASDAQ or NYSE. More so does it resemble a shift in the sentiment of C-suite executives with regard to adopting new technology.
Do you think traditional financial securities exchanges will adapt to the changing tide, and save themselves from death by way of Blockchain? Leave your comment below and lets talk!
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