The Blockchain Academy Blog

Blockchain and Foreign Exchange Trading

forex trading Oct 26, 2017

Blockchain’s increasing penetration and adoption in across industries has been the hottest buzzes in the market and also at yourtraininedge.com[1], where we keep on embracing the new innovative technologies ready to revolutionize the markets somehow. After education, banking, medical records, and healthcare insurance, the next market or industry we see blockchain giving a boom to, is Foreign exchange trading. This is actually amplified when a year old technology firm stated its desire to simplify the currency markets by streamlining the methods trading data is saved using block chain oriented technology.

Cobalt DL, a business based in London, which has been founded by Andy Coyne, former CEO of Traiana Inc, in 2015, announced that is has started beta testing on the distributed ledger network, which the company hopes that it will cut their post trade costs and give a singular database for the foreign exchange transactions[2].  The network is expected to launch in 2017, and...

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