Nasdaq has partnered with Chain, a bitcoin infrastructure firm, for a pilot program to test the use of blockchain for trading shares of private companies. The Chain Protocol is a design for a shared, multi-asset, cryptographic ledger.

It supports the coexistence and interoperability of multiple independent networks, with different operators, sharing a common format and capabilities. Using the principle of least authority, control over assets is separated from control over ledger synchronization.

The Chain Protocol allows participants to issue and control assets programmatically using digital signatures and custom rules. Transactions issuing and controlling assets are collected into a cryptographic chain Read more from nextbigfuture.com…

thumbnail courtesy of nextbigfuture.com