A stock exchange in Spain, Bolsa de Madrid (BME) will be launching the blockchain-powered system for certifying collateral pledge after the pilot test. The head of digital transformation at BME, Berta Ares said, “DLT technology allows us to reduce times drastically and improve the operation and control of the system, providing legal certainty for electronically generated certificates and maintaining privacy…”
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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