Colored coins
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.
See also
References
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External links
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