Digital Asset Holdings, a blockchain startup backed by some of the world’s largest banks, said on Wednesday it had developed a platform to allow traders to use blockchain technology without giving out confidential information on their trades.
The new platform provides a solution to confidentiality issues holding back adoption of the nascent technology in financial markets, according to a report issued by the company, which is led by former JPMorgan banker Blythe Masters.
Blockchain, which first emerged as the software underpinning cryptocurrency bitcoin, is a shared record of transactions and asset ownership that is maintained by a network of computers on the internet. This means every user on a network could potentially have access to the details of every transaction.
While this reduces risks associated with discrepancies in data records held by different firms, it also makes it…