Nasdaq studies have shown that Stock Exchanges are not ready to join Blockchain
According to research reports conducted by Celent and Nasdaq, stock market operators and stock market infrastructure providers are not ready to accept block technologies at the same rate as other sectors of industry.
Nasdaq, the operator of the second-largest stock exchange in the world, said that stock exchanges are slow to accept blocking, even though in the sphere of production, retail sales, payments and data distribution, the technology is actively tested and implemented.
The principles underlying the blockchain technology - transparency, automation of the process and cost reduction, in theory, most closely match the current needs of stock exchanges and infrastructure developers. Nevertheless, consulting company Celent, which conducted the research on behalf of Nasdaq, found that most developers of market infrastructure around the world do not rely on block-technology, and those that try to stop at an early stage of implementation.
Finding Reasons
The report notes that only 5% of infrastructure developers provided tools based on block network technology. Moreover, 20% of stock exchanges do not intend to use blockage at all. It should be noted that exchange operators do not avoid the introduction of other innovative technologies:
40% use cloud computing;
35% - tools of artificial intelligence (AI);
70% automated production processes.
The report is based on the responses of IT directors, and senior executives working in 20 different companies with exchange infrastructure around the world.
Representatives of Nasdaq suggest that one of the reasons that stock exchanges do not take blocking. may be the fact that their IT budgets are designed only to support existing systems, which does not provide the resources for switching to new technologies.
it can delay but it wont be possible for them to stay away. eventually they will have to do it.
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