Stock Exchanges Forms Blockchain Committee

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• published: 22 Nov 2016
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The Malta Stock Exchange announced that it has created a committee of the Block chain to develop a strategy to fight block chain technology. The committee, which will be composed of members of the board of directors of the Bourse, president and CEO, and external experts will be chaired by Dr. Abdalla Kablan, Malta Director Stock Exchange, an entrepreneur and academic, Artificial intelligence, large data, analysis and calculation finance. Malta and the MSE are very fortunate to have at our disposal leading technologist have our country and an internationally recognized expert in block chain technology. Dr. Kablan has a proven experience in space technology, showing his latest Hippo data startup, the first Maltese company ever selected in the Microsoft Accelerator program London. The Exchange also hopes to unveil its own Block Chain Malta Stock Exchange Consortium, a think tank that will bring together experts from exchange stakeholders, in addition to those from other organizations across Malta. It is hoped that this will allow the sharing of knowledge and potential joint ventures in the design and implementation of block chain applications. With the expertise of Dr. Kablan and the leadership of the Malta Stock Exchange hopes that the fieldwork will be set for Malta and the first application of the MSE block chain. Countries concerning Block chain The Malta Stock Exchange is not the only country that puts use this exciting technology. Scotland is a country that will soon start its own scholarship, SCOTEX through the chain of blocks for its clearing process. New foreign exchange investors and brokers will be able to get their money 15 minutes after a transaction is completed received. Earlier this month, Scotland held its first block chain conference, convened the ScotChain16, where more than 200 participants to discuss the importance of the chain of blocks in Scotland. Over the next decade, it is expected that close to 15,000 jobs in Scotland can be created by entering the FinTech industry. Australia is a country that is trying to block the chain. At the beginning of the year, the Australian Stock Exchange (ASX) Limited announced that the construction of a chain of blocks replacing the current clearing and settlement platform. Therefore, countries are beginning to offer the block chain to realize the profits. In a statement, the MSE says the block chain has the potential to save a lot of time regarding holding and settlements. According to the MSE block chain would save the financial industry more than $ 100 billion a year in back-office costs that makes the process of a revolution for a settlement .