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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