Blockchain has received another boost, from the FIX Trading Community, which has announced the creation of the Digital Currency and Blockchain Working Group. FIX, which was introduced last month to optimise the efficiency of electronic trading, is the most widely used messaging protocol in the global securities market. Under the new working group, it will work to define use cases and integration points for blockchain technology in capital markets and recommend best practices for FIX implementation. A significant benefit of the latest move to encourage the development of the distributed ledger technology is that it will aid the unification of multiple disparate blockchain systems.
Blockchain has received another boost, from the FIX Trading Community, which has announced the creation of the Digital Currency and Blockchain Working Group. FIX, which was introduced more than 15 years ago to optimise the efficiency of electronic trading, is the most widely used messaging protocol in the global securities market. Under the new working group, it will work to define use cases and integration points for blockchain technology in capital markets and recommend best practices for FIX implementation. A significant benefit of the latest move to encourage the development of the distributed ledger technology is that it will aid the unification of multiple disparate blockchain systems.