MyntExchange:Why Securities Need to Be on the Blockchain
From the desk of MyntfundOne of the fundamental benefits of blockchain technology is its ability to record transactions transparently in a tamper-proof ledger. This level of openness is unprecedented in a financial sector where obscurity, complicated acronyms, and manipulation benefit only the most powerful players. Specifically, blockchain technology can shine a light on unethical tactics like the use of dark pools—private exchanges where large trades happen, hidden from the public eye. In short, these pools allow hedge funds to influence prices undetected by dumping stocks en masse.