Sebi explores blockchain use for share market

IBM gives detailed presentation to Sebi on usage of the tech, which is gaining popularity worldwide

The Securities and Exchange Board of India (Sebi) is exploring how blockchain technology could be used in the stock market.

Blockchain is a digital ledger technology, gaining popularity worldwide in the supply chain industry and for financial transactions. The technology is considered the backbone for use of crypto currencies such as Bitcoin.

According to sources, information technology major IBM, one of the pioneers of blockchain, gave a detailed presentation to Sebi on how the system could be put to use in stock markets. The meeting was attended by top Sebi officials. They were briefed on how blockchain could improve efficiency and transparency