The exchange operator Nasdaq filed application for patent to the United States Patent and Trademark Office (USPTO), in which it described the application of technology of distributed ledger for keeping track the rights of ownership of assets, according to the official website of the department.
“The information on the rights of ownership of assets will be stored on the blockchain, while other data will be processed based on this information”, according to the document, Finance.ua reports quoting Forklog.
The authors consider hashing blocks as the effective method of protection of data on the ownership of assets from perpetrators. In addition, they highly assessed the confidentiality of information for public blockchains.
“The technology of distributed ledger has huge potential, but it requires further improvements”, the authors of the application believe.
Previously, USPTO approved the patent for Nasdaq for the data comparison system – trade and clearing positions. In addition, Nasdaq and the investment marketplace Reality Shares will launch the index of development of blockchain companies for tracking a new sector.
Nevertheless, Head of Development of Nasdaq Clearing GustaF von Boisman noted that the company does not intend to urgently implement the technology of distributed register in their existing systems.
