Digital Stocks Using Blockchain Technology the Possible Future of Stocks?

International Journal of Management (IJM), 10 (3), 2019, pp. 44-49

6 Pages Posted: 19 Feb 2020

See all articles by Vinith V Bhandarkar

Vinith V Bhandarkar

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India

Akshay A Bhandarkar

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India

Aditya Shiva

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India

Date Written: 2019

Abstract

Bitcoin is the first and most successful digital currency in the world. It trends in the news almost daily, with glowing reviews of the many benefits of an alternative and international currency. This paper explains the innovative aspect of the technological platform used to transfer Bitcoin from one party to another. This technology is called the Blockchain. The Blockchain eschews a bank or other intermediary and allows parties to transfer funds directly to one another, using a peer-to-peer system. This disruptive technology has done for money transfers what email did for sending mail — by removing the need for a trusted third party just as email removed the need for using the post office to send mail. This technology mainly used for peer-to-peer money transfers, can also be extended to accomplish other forms of transfers. Blockchain technology can be used to buy and sell stocks. Real world stocks can be tokenized into digital stocks which can be easily transferred using peer-to-peer. These digital stocks act similar to digital currency whose price is real time and fluctuates. Stocks exchanged completely peer-to-peer could resolve many of the issues facing the stock market today, including high frequency trading and short sales.

Keywords: Blockchain, Digital Stocks, Stock Exchange, Tokenization, Digital Currency, Cryptocurrencies

Suggested Citation

Bhandarkar, Vinith V and Bhandarkar, Akshay A and Shiva, Aditya, Digital Stocks Using Blockchain Technology the Possible Future of Stocks? (2019). International Journal of Management (IJM), 10 (3), 2019, pp. 44-49. Available at SSRN: https://ssrn.com/abstract=3524759

Vinith V Bhandarkar (Contact Author)

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India ( email )

Bengaluru
India

Akshay A Bhandarkar

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India ( email )

Bengaluru
India

Aditya Shiva

Department of Computer Science and Engineering BMS Institute of Technology and Management, Bangalore, India ( email )

Bengaluru
India

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