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Author(s) : Maneesh Kumar Pandey ISSN : 0974 - 497 Year : February 2019 | Volume : 13 | Issue : 1/4 Abstract: Blockchain technology is one of the disruptive technologies of the current decade. It's rapid development and acceptability across every walk of life pervades industries and public domain alike. The most appealing feature of blockchain technology is its data immutability, data distribution, and simultaneous data availability to intended users, which allows freedom from an old-fashioned client-server mode of communication. This paper details blockchain developments across the globe through the underlying distributed ledger technology (DLT) by shedding light on adoption and viability of DLT models by analyzing various use cases to fetch the abstract features and usability of blockchain technology in the capital market for various stakeholders of the capital market. Since this research work is focused on the financial domain and the target audience would be from the non-technical background, it is inevitable to incorporate the fundament idea, necessary infrastructure, and applications of blockchain technology in the capital market. TIt will also highlight the pros and cons of implementing the technology and the areas/research issues which are to be addressed. It is expected that regulated use of this technology will simplify transaction processing/recording/control in a cost-effective manner with improved throughput and scalability. This research is also trying to look out the current development and future plans of major stock exchanges on the course of this technological transformation and why these stock exchanges considering blockchain as a technology of future for the capital market. Despite current technological and regulatory challenges of blockchain technology, active involvement of major stock exchanges in developing and adopting blockchain technology to obviate shortcomings of existing client-server architecture successfully demonstrates the outlook about the future prospects of this technology. The research comprises various compilations and analysis of different sources issues/reports from market players, government organizations, and researchers regarding benefits and the adoption of this technology. The research is mainly qualitative research, and a purposive or judgmental sampling has been used. The overall theme running across this work is to analyze the impact, usability, and feasibility of DLT adoption in the stock market. Download File Download File Open File
