Published on July 26th, 2015 | by bitcoin0
Bitcoin Technology via NASDAQ
Nasdaq OMX Group Inc. expects to become the first major exchange operator to use the technology behind bitcoin when a project in its private-companies business goes live in the fourth quarter.
Blockchain is the ledger that drives the bitcoin digital currency.
The technology will be “of fundamental importance to Wall Street,” Nasdaq Chief Executive Officer Bob Greifeld said during a phone interview Thursday.
Earlier this year, Nasdaq joined a clutch of companies seeking to adapt blockchain for mainstream finance, saying it would “leverage blockchain technology as part of an enterprise-wide initiative.”
“We also plan to announce further blockchain initiatives in the future,” Greifeld said Thursday during a conference call with analysts.
Other firms investigating finance-related uses of blockchain include Digital Asset Holdings LLC, headed by former JPMorgan Chase & Co. banker Blythe Masters, and Blockstack, run by former Google Inc. and Nasdaq employees.