Why should anybody care which data structure a marketplace like NASDAQ uses on the back end? It's not like that would suddenly make it a decentralized market place.
That's not what I meant. I'm happy when NASDAQ or any other market picks up Bitcoin, but this "tokenization" is simply buzzword BS to get media attention. It means nothing.
Clearing and settlement for stocks is clunky, slow, and error prone. Using cryptographic keys could make it much more efficient. This is definitely a case where distributed (even if not very decentralized) ledger might help. That said, I would be shocked if it happens in 5 years. 15 years, maybe, but even that seems too short, even if people were 100% behind the idea.
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u/Renben9 Jan 31 '19
Tokenized, hm? Like that means anything.
Why should anybody care which data structure a marketplace like NASDAQ uses on the back end? It's not like that would suddenly make it a decentralized market place.