"The Depository Trust & Clearing Corporation (DTCC), a company that oversees the clearing and settlement of $1.6 quadrillion in US securities annually, has announced it will test a distributed ledger solution for managing repurchase (repo) agreements."
If you trade, DTCC is involved. simple as that.
So, it looks to me like all of us will be seeing blockchain involved in our trading pretty soon (in the back-offices, to be sure, but none-the-less, playing a key role).
They get a test with the DTCC & next, they file for a patent. Anyone willing to bet their tests went well?
This (and the other patent obtained by Goldman-Sachs) is why there is a rush into this technology & I personally think that those in the ranks of the mind police who refused to agree with the early adopters in their ranks who were actually dedicated blockchain true believers.....
Point made, I think.....
In point of fact, its simply a given that there was no stock vehicle until about 3 months ago through which to begin to play in the crypto mining stock arena. Today, there are five candidates and we just happen to be one of them, so we get to be the red headed step child, I guess.
It is what it is.
If this stock proves to NOT be a scam, a month from now, (if not sooner) this will become a bottle rocket, IMHO
All just my opinions folks. Thought I'd share some of my DD because I think it applies here.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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