Add South Korea to the list of countries working to have a blockchain-based stock trading system in place.
The Asian nation’s desire for blockchain is laid out in a study published by its financial watchdog, the Financial Supervisory Service, according to a Korea JoongAng Daily report cited by CoinDesk. The study reportedly encourages South Korean regulatory agencies and companies to collaborate on the development of the proposed system, and also examines the use of blockchain by stock operators around the globe.
Australia has been working on its own blockchain-based system since 2016. The Nasdaq in the U.S. has said it wants to use blockchain technology for its own transactions and for supporting other marketplaces moving into blockchain-based products.
South Korea has only recently started down the blockchain road. The study notes that the success of any system would rely on cooperation between private and public companies, CoinDesk reported. Read more here.