CEO of Indian Stock Exchange: Blockchain and other applications may bring changes in the security market

On January 23, at the National Securities Market Association's research conference on "Securities Market Changes," Ajay Tyagi, Chief Executive Officer of the Indian Securities and Exchange Commission (SEBI), said that the applications of blockchain, artificial intelligence and machine learning are: It may bring about a change in the pattern of the securities market. Given the benefits of blockchain in maintaining records in a distributed ledger, it is still a single source of fact, and it can be used for clearing, settlement and record keeping. Blockchain-based solutions are being developed by some foreign exchanges for settlement, while domestic exchanges are being developed for KYC record keeping. There is a need for active research into these technologies to explore their best use in the securities market.