Nasdaq, HKEx: Blockchain’s Disruptive Potential Overstated
Distributed ledger technology won’t replace existing exchange infrastructure despite potential for smaller use cases, say CEOs.
The potential for blockchain technology to disrupt the exchange market is a “bit of an overstatement”, the heads of two major exchanges have said.
In a virtual discussion at the Hong Kong FinTech Week 2020, Charles Li, chief executive of Hong Kong Exchanges and Clearing (HKEx), and Adena Friedman, president and CEO of Nasdaq, agreed that blockchain has been overhyped and that the decentralization of exchanges is unlikely.
The two executives said the idea that distributed ledger technologies
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