The use of blockchain technology is growing in retail, manufacturing, distribution and other sectors. But not so much among stock markets and exchanges.

A report commissioned by Nasdaq and conducted by technology research firm Celent found stock exchanges, securities depositories and other market-infrastructure providers that track complex transactions, investments and trades are not in a rush to turn to blockchain, The Wall Street Journal reported.

Celent surveyed the chief information officers, chief technology officers and other senior technology leaders at 20 leading market infrastructure firms worldwide. It found only 5 percent have put in use some form of distributed ledger technology, while 20 percent have “no plans” to develop or implement it. Celent found 70 percent were working on pilot projects but another 5 percent said they lacked the expertise to even do that.

By comparison, about 40 percent of these same companies are using cloud computing, 70 percent are using robotic process automation and 35 percent employ artificial intelligence. Read more here.

ThirtyK Staff
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