The shared ledger technology, or Blockchain, introduced in Bitcoin could upend the financial industry. And startups are getting in line. Earlier this year, Overstock.com CEO Patrick Byrne bought a $500,000 bond issued by the online retailer.
But it wasn’t the size of the bond that drew attention. It was the way it was sold: through Overstock’s new digital trading platform T0, which records securities trades through the same shared ledger technology that backs cryptographic currencies like bitcoin.