Ninjastic
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Re: Retail Giant Overstock to Issue its Own Stock on Blockchain Platform
by
4by2
on 16/03/2016, 23:51:53 UTC
Quote from: MingLee on March 16, 2016, 11:45:50 PM
Quote from: The Pharmacist on March 16, 2016, 11:35:13 PM
Just to clarify, you mean they're issuing company stock on a blockchain platform?  Like shares in the company?  I don't know how that works but if this is the case then I'm all ears.  I'd love it if stock markets were open 24 hours/day but I'm sure it doesn't exactly mean that. 
Based on what I can see in this, they're only using the blockchain technology with their trading.

It'll be like saying "X bought 5 shares" and anyone can see it, exactly like the bitcoin network. If I am correct, that is.
That's what I understand from this article, but I could be wrong. It seems like they're using a different blockchain, though, and it isn't being paired against the actual Bitcoin blockchain.

It would have been cool if it was Cheesy