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24/01/2020   Securities Regulator of India Bets on Blockchain

The Chairman of Security and Exchange Board of India(SEBI), Ajay Tyagi makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market. On Jan 23, speaking at a research conference on 'Changing Landscape of Securities Market' organized by the National Institute of Securities Markets, Patalganj, Tyagi said that applications of blockchain, artificial intelligence and machine learning have the potential to bring a paradigm shift in the securities markets landscape. “Blockchain could be used in clearing, settlement and record-keeping given its benefits in maintaining records in distributed ledgers, while still being a single source of truth.” He takes example of some international blockchain projects and asks for research in these areas. “Blockchain-based solutions are being developed by some foreign exchanges for settlement and by domestic exchanges for KYC recordkeeping purposes. There is a need for active research into these technologies to explore their best possible usage in securities markets.”

https://cointelegraph.com/news/securities-regulator-of-india-bets-on-blockchain