Nasdaq Report: Only Five Percent of Stock Market IT Providers Have Deployed Blockchain
By Helen Partz IT providers for stock markets and exchanges have been slow to adopt blockchain technology, Nasdaq told The Wall Street Journal June 26. According to a study commissioned by Nasdaq and carried out by financial and technology research firm Celent , the majority of stock-infrastructure suppliers globally are still in the very early stages of exploring benefits of distributed ledger technology (DLT). The report says that only five percent of firms polled have implemented blockchain in some form, compared with 40 percent already using cloud computing, 70 percent deploying robotic process automation, and 35 percent providing artificial intelligence (AI) solutions. Despite 70 percent of IT providers claimed they are developing trial projects, 20 percent of respondents stated they have “no plans” to work on it, another five stated that they lacked expert knowledge on the subject. The study polled chief infor...