The London Stock Exchange Group (LDNXF, +2.02%) has teamed up with IBM (IBM, -2.85%) to build a blockchain -based platform to digitally issue private shares of small and medium enterprises in Italy.
The platform is being built and tested by Borsa Italiana, the LSEG’s Italian exchange operator, and will seek to make it easier to track and exchange shareholder information of unlisted businesses, the companies said on Wednesday.
Blockchain , which first emerged as the system powering the cryptocurrency bitcoin, is a shared record of information that is maintained by a network of computers on the internet, without the need of a trusted third party.
