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IT providers for stock exchanges, venturing hardly to the Blockchain technology

41795dd717b36a39091e9845f8c99c3b - IT providers for stock exchanges, venturing hardly to the Blockchain technology

The Blockchain is inspiring more and more companies and institutions. Since you can save using the Blockchain technology to all sorts of data manipulation securely and transparently, in the most diverse areas of application. Such as Nasdaq on the 26. June reported, technology companies, the IT infrastructure for stock markets and exchanges back to provide in this development. What’s behind it?

In both banks, large Software companies as well as States are increasingly relying on the Blockchain technology. You will find in the retail trade, in manufacturing, in sales and other areas of application, and is even referred to as a “Must-Have”. 26. June, The wall street Journal reported that the IT-provider for stock exchanges to avoid the Blockchain yet rather than benefiting from the technology.

This is the result of a study commissioned by Nasdaq and by Celent, a market research company, the financial companies in the technology advises the area, was carried out. For this purpose, Chief Information Officers, Chief Technology Officers and other technology managers from 20 leading market infrastructure have been questioned companies in the world.

Development in early phase

You should assume that stock exchanges, securities and track custodians, and other providers of market infrastructures, complex transactions, investments and transactions in the Distributed Ledger would accept technology grateful. Instead, Celent found that such a development in the case of operators of market infrastructures in the world, in the best case is in the early phase. A fifth, the operator has no plans to use the Blockchain in the future. 5 per cent are open, the necessary expertise for this purpose. While 70 percent work on pilot projects, but only 5 percent already use a type of DLT. According to The wall street Journal, 70 percent of respondents use automated process automation, 40 percent rely on Cloud Computing, and 35 percent use even artificial intelligence. A General rejection of advanced technology, you can not so here.

The Reasons

According to the Nasdaq-study for the “Blockchain-in-idleness”, very different reasons. For one, there is a cost problem. So the IT Budget will be used for the maintenance of existing systems, with little resources for innovation remain. On the other, strict guidelines regarding the IT-structure of the stock exchanges in many Blockchain-ideas even before the implementation of a stroke through the bill.

According to Arin Ray, Senior analyst at Celent, inhibit strict security requirements, the implementation of Blockchain projects. The avoidance of default, the security and stability of the systems was “very important, because the market participants are highly regulated and have a crucial role in the Functioning of the markets.” The introduction of a new technology normally takes some time. In addition, during this process, under certain circumstances, to security gaps. The fear of such possible complications in the changeover of the old system on the Blockchain technology seems to be the main reason why IT operators are reluctant to develop new systems.

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