will you be ready?
by hitendra patil
accountaneur: the entrepreneurial accountant
stock exchanges and banking systems have worked on similar fundamentals in handling and creating what are known as “non-repudiable” transaction records: straight-through processing (stp), electronically connected networks of intermediaries in their “ecosystem,” etc. but unlike bitcoin, the stock exchange and banking systems are highly regulated and centrally owned.
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more recently, bitcoin technology has created a similar “distributed shared ledger” ecosystem.
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