SIX Swiss Exchange Hopes to Replace Current Trading System with Blockchain in 10 Years

SIX Swiss Exchange, which is Switzerland’s leading stock exchange, might replace its existing trading platform with a blockchain-based system that the company is currently working on, Reuters reports. Even though all the operations with stock and bonds are carried out digitally, the processes behind these are often relying on paper-based protocols.

Thomas Zeeb, who leads the company’s securities and exchanges unit, told Reuters:

“The existing system could be completely replaced by the digital exchange in about 10 years.”

SIX Digital Exchange (SDX) is the company’s new product, which is planned to be launched next year….

This article appeared first on Cryptovest

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