I know it's a bit of a tortured metaphor, but reading about how the NYSE is implementing a blockchain-based trading platform to allow for world-wide, 24/7 trading (instead of the usual 9-5, M-F with after-hours trades being a separate thing) for whatever reason reminds me of how CNN introduced a 24 hour news cycle that basically upended how journalism was done and news was (and is) reported -- largely for the worse. There's already some pressure to maintain certain volumes of trades, with higher or lower volumes being seen as a sign of change or stress on the system. And we certainly have seen all sorts of nonsense crop up due to HFT, with many arguing that it never actually created the improved liquidity that people claimed it would. So I have to wonder what the impact of ever-trading is going to be, or whether we can even predict it?
I dont really understand why a blockchain solution is required for this. It seems more likely that this is some sort of a derivitives like thing. Yoy can buy tokens that are fungible with shares? Why not just...like... Buy the share?
I think the token is just a 1:1 representation of a particular share on the chain, and they use the chain because it's an immutable ledger.