Nasdaq Seeks to Show Progress Using Much-Hyped Blockchain
- Chain.com issued shares to private investor using Linq
- Nasdaq CEO sees blockchain potential for public markets
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Nasdaq Inc. said it used blockchain technology to complete and record a private securities transaction for the first time, as the exchange operator seeks to pull ahead of a crowded sector that so far has offered more hype than reality.
Chain.com, a Nasdaq partner, became the first user of Nasdaq’s Linq blockchain when it issued shares to a private investor, the exchange company said Wednesday in a statement. Blockchain is the encrypted ledger that backs digital currencies like bitcoin.