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I think secondary markets could benefit from a distributed trusted database with smart contracts.

I also think that behind the scenes on wall street there are some interesting things around securities settlement, something that is very time consuming and it's handled with some antiquated technology.

If securities trades are settled faster and ownership is more easily verified it could lead to some very interesting shareholder voting behavior.

The problem with all of these is that it requires a deep understanding of the process and the nuances of the industry to build a DLT solution that works.




The problem with smart contracts is that you settle for a "all bugs are feature" solution.


For any solution for settling trades, the one without the blockchain will be faster. And the use of electronics for trading systems where it makes economic sense is already a done deal.


I'm talking about inter-broker settlements. Like settlements of securities between large banks. The actual physical securities that are stamped and all that.




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