Nasdaq CEO Bob Greifeld has suggested that the US-based stock market plans to roll out additional blockchain projects “in the future”.

The comments are the latest from the firm, which announced plans to trial blockchain technology as part of its Nasdaq Private Market service in May. Nasdaq revealed in June that it had established a formal relationship with blockchain services provider Chain.

Greifeld’s most recent statement was made in a conference call in which he hinted at the stock exchanges’s strategy toward the technology, according to Bloomberg.

Greifeld said:

“The application of blockchain technology within Nasdaq’s private market aims to modernize, streamline and really secure cumbersome administrative functions.”

Further details about the project were revealed by Chain CEO Adam Ludwin, who said in an interview with CoinDesk that the two companies had been working to test blockchain technology for more than a year.

“As blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development,” Ludwin said at the time.

Hat tip to Bloomberg

Image credit: Sean Pavone / Shutterstock.com

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