Discount Retailer Overstock Has a New Target: Upending Wall St – Bloomberg
January 14, 2016 \
13 Comments
Overstock.com Inc., which is aiming to radically change how stocks and bonds are bought and sold, is close to unveiling the first securities-trading system using the blockchain technology that makes bitcoin possible. FULL ARTICLE
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13 Comments on "Discount Retailer Overstock Has a New Target: Upending Wall St – Bloomberg"
In my mind the only way to achieve something meaningful w.r.t to bonds and blockchains is to actually issue the bonds from the start on the chain. Simply bolting on blockchain technology to existing stack may have some benefits (back office tech has been in need of change for decades!) but it wont be the stuff of legend. So…..
Fix the issuance process. Issue bonds on the chain. Traders can query the chain to see who owns the bonds. (sorts out the short offer issue mentioned below).
SD
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