The first wave of blockchain technology was characterized by decentralization and an inability to communicate between blockchain networks. Using IBM Blockchain technology, GMEX is helping breakdown the silos between trading entities, allowing the movement of assets from one to another seamlessly and efficiently helping reinvent how markets are traded, cleared and settled.
“The key benefits of the second wave of Blockchain is [that] there’s more seamless integration between multiple nodes of activity in a very coherent fashion. This leads to more efficient trading…,” explains Hirander Misra, CEO, GMEX Group.
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