Colored coin

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Colored coins are a class of methods for associating real world assets with addresses on the bitcoin network. Examples could be a deed for a house, stocks, bonds or futures.[1] The technology could also be used to track and register intellectual property assets.[2][3]

Through 2014/15 it was suggested that various coloured coin protocols could be of interest to banks and major financial institutions.[4] This prediction came true in June 2015 when NASDAQ announced they were developing a system in partnership with blockchain startup Chain using the Open Assets protocol developed and utilised by CoinPrism and built on by Get Hashing.[5] In late 2015 NASDAQ announced that the first ever trade had occurred using its new platform, Linq.[6]

There are several competing implementations of the coloured coins idea, using differing methods, including those developed by CoinSpark, Colu and several built on the EPBOC protocol.

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References[edit]

  1. ^ Bradbury, Danny (14 June 2013). "Colored coins paint sophisticated future for Bitcoin". Retrieved 20 December 2015. 
  2. ^ Maras, Elliot (17 December 2015). "Report: How The Blockchain Will Revolutionize Charitable Giving". Retrieved 20 December 2015. 
  3. ^ Bartlett, Jamie (6 September 2015). "Imogen Heap: saviour of the music industry?". Retrieved 20 December 2015. 
  4. ^ Rizzo, Pete (24 June 2015). "New Colored Coins Implementation Released After Standard Drive Abandoned". Retrieved 20 December 2015. 
  5. ^ Rizzo, Pete (25 June 2015). "Chain CEO: Nasdaq Partnership is No PR Stunt". Retrieved 22 January 2016. 
  6. ^ "Nasdaq Linq Enables First-Ever Private Securities Issuance Documented With Blockchain Technology". 30 December 2015. Retrieved 22 January 2016. 

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