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Blockchain for the Traditional Stock Markets

Research Article

Authors: Vijaya Kittu Manda, Dr. Madhu Bhukya

Book Name: Block Chain

ISBN: 978-93-5911-227-5

Publisher: Walnut Publication

Publication Date: 1 February 2024

Pages: 502-517

Abstract: Blockchain implementation of the peer-to-peer transfer of assets, such as stocks, and the working of a stock exchange, its legislative and regulatory issues are topics of researcher interest. The stock market systems globally involve several financial intermediaries who add value, facilitating investors and traders to make their transactions. Blockchain proposed disruption, but the disruptive transformations in the stock markets are complex and have many operational challenges and practical hurdles. While most existing research dealt with disruption and new processes for the stock markets, little research explored the possibility of empowering the existing systems to convince them to make the first steps in a gradual, long transformational journey. This exploratory study examines the use of Blockchain in various areas of the existing stock market ecosystem. Findings from this work help various stakeholders in the stock markets ecosystem make their first moves in their transformation.

Keywords: trade clearing, stock settlement, stock markets, financial transformation

DOI: https://doi.org/10.5281/zenodo.10796433

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