Preview

Bulletin of "Turan" University

Advanced search

Blockchain technology on the stock market

Abstract

Every day the level of attractiveness of blockchain projects is growing. The business community is increasingly investing in digital money, considering ICO as fund raising more and more startups appear. Blockchain technologies are penetrating deeper and deeper into all areas of the financial market. Stock exchanges around the world are looking for opportunities to take advantage of its benefits to reduce costs, increase efficiency, reduce risks and improve the safety. There are different types of blockchains with different degrees of complexity, so the computational algorithms embedded in different instruments always differ. But the general principle is based on a decentralized group of machines capable of verifying transactions. On the global stock market, Nasdaq is leading the movement of the world’s leading stock exchanges to recognize the blockchain. The Australian Stock Exchange expanded the short list of global exchanges introducing blockchain technologies to replace the clearing and settlement system and Clearing House Electronic Sub-Register System (CHESS). In Kazakhstan, the use of blockchain technologies in the financial sector is considered as a priority direction in the framework of the implementation of the «Digital Kazakhstan» State Program. For the widespread introduction of blockchain technologies in the stock market, in our opinion, it is required to solve problems related to scalability, common standards, regulatory and the legislative framework.

About the Authors

G. S. Margatskaya
Turan University
Kazakhstan


R. V. Margatskyi
Turan University
Kazakhstan


References

1. Константин Пак рассказал об основных трендах на финансовом рынке: http://afk.kz/ru/news/konstantin-pak-rasskazal-ob-osnovnyix-trendax-na-finansovom-ryinke.html.

2. Блокчейн на фондовых биржах: https://utmagazine.ru/posts/21738-blokcheyn-na-fondovyh-birzhah.

3. Технология блокчейн: как это работает и зачем нужно: https://utmagazine.ru/posts/21017-tehnologiya-blokcheyn-kak-eto-rabotaet-i-zachem-nuzhno?utm_source=ut_utmagazine&utm_medium=open_link&utm_campaign=crypto-info-maker_company&utm_content=open_link_post_27032018.

4. ЦБ Казахстана запустил на блокчейне приложение для торговли ценными бумагами: http://www.iksmedia.ru/news/5487909-CzB-Kazaxstana-zapustil-na-blokchej.html.

5. В Астане открыли биржу международного финансового центра «Астана»: https://informburo.kz/novosti/v-astane-otkryli-birzhu-mezhdunarodnogo-finansovogo-centra-astana.html.


Review

For citations:


Margatskaya G.S., Margatskyi R.V. Blockchain technology on the stock market. Bulletin of "Turan" University. 2019;(1):87-92. (In Russ.)

Views: 997


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)