Application of Blockchain in Booking and Registration Systems of\n Securities Exchanges

Securities exchange being digitalised and online, security of information and\ndata has become a major concern. Blockchain (BC) technology, being distributed\nand immutable in nature, has proved to the "Trust Machine" eliminating the need\nfor third-parties. Authors of this paper investigate how Blockchain can be used\nto secure stock exchange transactions, with an especial focus to the\ntechnological as well as legal aspects of such applications. Considering the\nintricate operational structure of the securities exchange, the research\nproposes to design, develop and implement a hybrid BC, customised according to\nthe need of the respective stock exchange. The study suggests that the use of\nsuch BC can bring many benefits which the other technologies currently being\nused cannot offer. However, during the design process of any such application\nusing BC, the relevant laws and regulations of the corresponding country need\nto be considered.\n