By now, being in the finance industry, we all know what Blockchain is. On the other hand, we all are also aware of the ever-booming equity market. However, one problem that has always existed in the equity business is that of trust. The blockchain is a technology that can definitely be an effective reply to the trust and transparency problems in this particular market.
How can blockchains change equity market?
All the traders, brokers, regulators as well as a stock exchange that participate in the market are generally bound to undergo a very tiring process. It takes a couple of days for them to complete the pending transactions. This is mainly because of intermediaries involved, operational trade clearance and additional regulatory procedures. If Blockchain is used in this market, it will surely make the stock exchanges way more ideally the means of automation and decentralization. As the need for indulging middlemen will disappear, it will contribute to lowering the costs imposed on the customers in the name of the commission.
The technology of Blockchain can also have a very feasible utility in clearing and payments as the post-trade processes will become automated. This will simply dissolve any kind of paperwork required to do while the ownership is being transferred. One of the most amazing impacts of Blockchain in the stock market will be the elimination of all kinds of third-party regulators to a large extent. It will all be handled by the system that will further let you bring down the overall expenditure of indulging in this business.
The most attractive feature of indulging Blockchain in equity market would be the convenience it will add, both in terms of time as well as effort. Transactions will be faster, safer and more reliable, attracting more and more people to start trying their luck in this flourishing business.
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