Overstock has confirmed that Nasdaq is not using its tØ blockchain platform to clear trades.
Rumours suggesting that Nasdaq – which unveiled its own blockchain-based platform last week – was using the online retailer’s blockchain platform to settle trades first surfaced on Reddit earlier today.
However, a representative from Overstock told CoinDesk:
“That thread is completely mistaken. NASDAQ is doing something similar to, but not using our platform.”
The product is currently being trialled by a few select startups including blockchain technology firm Chain – which worked with Nasdaq to develop the platform – and social tipping service ChangeTip.
Nasdaq further commented on the rumors, stating that it is not using tØ technology in its blockchain products.
Signpost image via Shutterstock.
Source : http://www.coindesk.com/overstock-rumor-nasdaq-to-blockchain-platform/
