December 31, 2015
Today Nasdaq announced in an official statement that its blockchain ledger technology, Linq, was able to successfully complete and record a private securities transaction - the first of its kind using blockchain technology. Blockchain startup Chain documented the issuance of shares to a private investor using Nasdaq's blockchain-enabled technology.
This blockchain-based transaction by Chain signifies a ‘proof of concept’ and a major step forward in use of blockchain technology, as Nasdaq states. In September 2015, Nasdaq along with Visa, Citi and others invested $30 million in Chain.
The issuer of private securities was able to di ...