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.
Keywords
блокчейн,
цифровые финансовые услуги,
транзакции,
распределенный реестр,
криптографический процесс,
фондовая биржа,
риски,
эффективность,
стандарты,
блокчейн,
цифрлық қаржылық қызметтер,
транзакциялар,
таратылған тізілім,
криптографиялық процесс,
қор биржасы,
тәуекелдер,
тиімділік,
стандарттар,
blockchain,
digital financial services,
transactions,
distributed ledger,
cryptographic process,
stock exchange,
risks,
efficiency,
standards
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.
For citations:
Margatskaya G.S.,
Margatskyi R.V.
Blockchain technology on the stock market. Bulletin of "Turan" University. 2019;(1):87-92.
(In Russ.)
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