A Bitcoin Technology Gets Nasdaq Test

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886

by lxm • 11 years ago

72 24 11 years ago

wsj.com

andrewstuart22• 11 years ago

Obligatory link via google. Somebody ought to write a bot for this.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...

ISL• 11 years ago

Or build a micropayment system that takes off, so we can collectively pay for good reporting....

ARolek• 11 years ago

It would be interesting if once a certain revenue threshold was met the paywall would be removed.

prostoalex2• 11 years ago

https://www.google.com/contributor/welcome/

nfoz• 11 years ago

And/or use tax money to pay for good reporting, as has been standard practice in many jurisdictions for a long time.

hobo_mark• 11 years ago

Yes! Is anyone working on it? Single click microdonations from a dedicated bitcoin wallet? I am not a bitcoin nut but this sounds like the perfect application for it.

CDokolas• 11 years ago

Oh, you mean blendle.com

thekodols• 11 years ago

So how does it work?

andrewstuart22• 11 years ago

To my knowledge: Google requires that you can't serve different content to its bots than a user can reach from the search results. So the link from a Google search changes the Referrer to Google (since it's a redirect) and WSJ gives you the content.

oska• 11 years ago

Some clarification from one of the authors of this piece on their twitter stream [1]:

@mikejcasey are they using Bitcoin-inspired blockchain technology or "the" blockchain?

@jerrybrito THE blockchain. It's a colored coin implementation. That got lost on cutting room floor.

@mikejcasey Any more details? That is a little vague.

@brantonbits They're using the Open Assets Protocol, a colored coins implementation on top of bitcoin. That clearer?

[1] https://twitter.com/mikejcasey/status/597530065035988995

andrewfhart• 11 years ago

For anyone interested in learning more about the Open Assets Protocol, the official specification is here [1]. It's relatively short, and really quite readable.

The reference implementation is in Python [2], but I've been working on a JavaScript implementation [3] that's available via npm [4]. It's mostly complete, but I would love help from anyone interested in getting it over the finish line...

[1] https://github.com/OpenAssets/open-assets-protocol/blob/mast...

[2] https://github.com/OpenAssets/openassets

[3] https://github.com/andrewfhart/openassets

[4] https://www.npmjs.com/package/openassets

evbots• 11 years ago

sounds interesting, but will probably be fundamentally closed, so i'm curious to see how the concept of "consensus" plays a role.

thatcherclay• 11 years ago

Sounds interesting - however, if they are successful in reconciliation, then seems logical that the next step will be addressing the transfer of wealth that happens after reconciliation (ie, clearing). I am not sure how much of a problem this truly is - ie, how much of counter party risk is attributed to how often the counter party agrees on the reconciliation but just does not have the capital to pay up at t+3.

Whatever it is, if you could instantaneously reconcile and clear, then some forms of trading could get a lot faster.

apo• 11 years ago

The announcement from NASDAQ has some important details the original article left out:

http://www.nasdaq.com/press-release/nasdaq-launches-enterpri...

Specifically, this article points out that Colored Coins will be used, together with the Open Assets protocol.

tdaltonc• 11 years ago

Why would they use OAP as apposed to their own blockchain based system?

A Bitcoin Technology Gets Nasdaq Test

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