SEC Gives OK to Plan to Issue Stock Via Bitcoin’s Blockchain Tech

The Securities and Exchange Commission approved a plan from online retailer to issue company stock via the Internet. This signals a significant shift in the way financial securities will be distributed and traded in the years to come. Over the past year, Overstock and its freethinking CEO, Patrick Byrne, developed technology for issuing financial securities using blockchain, the massive online ledger underpinning the bitcoin online currency. Blockchain is essentially an enormous database flowing across a global network of various computers.

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