The London Stock Exchange (LSE) is working on blockchain applications. This was said by COO and CIO Chris Corrado. It also became known earlier that soon the first blockchain company could be listed on the stock exchange.
Why it is important
- The LSE remained a more traditional environment when it comes to blockchain offers. These news indicate that the exchange began to seriously consider the technology.
According to Chris Corrado, the blockchain application will provide more cost-effective solutions for some companies and for their customers. Initially, the working group used the Hyperledger material from IBM, and now it also works with other implementations.
It also became known earlier that Cryptocurrency mining Outfit Argo Blockchain is likely to become the first blockchain company to list on the London Stock Exchange. The company launched a subscription service for mining contracts. Immediately after that, representatives of Argo said that they plan to hold an IPO, after funding of $ 2.5 million, completed in January this year.
By Ekaterina Ulyanova