Swiss Leading Stock Exchange: Blockchain-Based Exchanges Will Replace Traditional Ones in 10 Years

Digital exchanges based on blockchain technology will completely replace traditional ones in ten years, Thomas Zeeb of Swiss leading stock exchange SIX told Reuters Wednesday, Nov. 14.

“The existing system could be completely replaced by the digital exchange in about 10 years,” said Zeeb, who is leading securities and exchanges department at SIX. “The moment that brokers, banks, insurance companies and big asset managers really see the cost advantages [of blockchain], they’ll move relatively quickly,” he further added.

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