Nasdaq Considers Storing Asset Ownership Data on Blockchain

World-known stock exchange Nasdaq is considering the possibility of using blockchain for storing data on asset ownership
17 November 2017   587

According to the patent application, the company intends to use a distribution ledger to register asset owners, as well as use digital wallets to let owners to access these assets which are associated with a private cryptographic key.

Nasdaq would commit to a distributed network where each node would contain a copy of the blockchain’s information, according to the application.

The application states that despite the fact that the blockchain has a huge potential and users can maintain confidentiality through public technology - there are a need for further improvements in its effectiveness.

Earlier the company expressed concern about blockchain technology. It was said that the main problems are related to the integration of systems based on blockchain with other financial systems and technology can not be immediately implemented in existing systems.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   112

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.