Application of Blockchain Technology in the Exchange
During the 18th collective study of the Central Political Bureau,General Secretary Xi Jinping empha-sized the importance of utilizing blockchain as a core technology for independent innovation,and accelerating the de-velopment of blockchain technology and industry innovation.As the underlying technology of distributed ledgers,block-chain technology has attracted widespread attention from various sectors of society.This article focuses on summarizing the application of blockchain technology in major overseas exchanges.The findings are as follows:①From the perspec-tive of development stages,blockchain technology continues to upgrade and evolve,roughly divided into three stages:the era of blockchain 1.0,2.0,and 3.0.The 3.0 era is characterized by the"blockchain+"model,and it repre-sents a period of rapid development in the application of blockchain technology in exchanges.②From the perspective of application phases,the blockchain applications in exchanges can be divided into three phases:pre-trading,during trading,and post-trading.The pre-trading phase includes securities issuance and equity financing,the during-trading phase includes trading processes and scope,and the post-trading phase includes securities settlement.③From a global perspective,major overseas exchanges such as NASDAQ,New York Stock Exchange,and Intercontinental Exchange have actively started research and development of blockchain technology and established blockchain platforms.④From typical cases,NASDAQ is at the forefront of blockchain technology application in exchanges,with more than 10 appli-cation scenarios already implemented.
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NSTL
万方数据
维普
