The blockchain revolution : new opportunities in equity markets
Name
958296722-MIT.pdf
Description
Full printable version
Size
11.34 MB
Format
Adobe PDF
Checksum (MD5)
092a51fb639aa09918f348a2bdcecb65
Author(s)
Lamarque, Mélodie
Advisor(s)
Christian Catalini.
Alternative Title
New opportunities in equity markets
Date Issued
2016
Publisher
Massachusetts Institute of Technology
Abstract
The technological revolution of digital and online computing combined with the information revolution paved the way for the emergence of innovations to reshape existing industries and the way we think about traditional services. Even one of the most traditional industries, the financial sector, is being actively disrupted through fintech and the sharing economy. Innovations such as mobile banking, peer-to-peer lending or crowdfunding are challenging existing models and practices. This paper aims to show that blockchain technology has the potential to transform equity markets by offering valuable opportunities to create new products to overcome existing inefficiencies and frictions. The blockchain was first introduced as the technology behind the bitcoin cryptocurrency, and is a trustless, decentralized and secure ledger. It provides an unprecedented way to monitor and execute transactions with no need for intermediaries, and to keep a tamper-proof record of these transactions. This breakthrough technology has gradually gained traction and is now being explored far beyond the scope of bitcoin projects. Even traditional big players in the financial industry are looking for ways to benefit from the blockchain: Nasdaq launched Nasdaq Linq, a blockchain-based equity platform for private companies, and 42 international banks came together to join the R3 consortium to explore blockchain's opportunities.
Description
Thesis: S.M. in Management Studies, Massachusetts Institute of Technology, Sloan School of Management, 2016.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 82-88).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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