Atomic clock and blockchain allow time stamps in nanoseconds

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A group of scientists from the National Physical Laboratory, the Toronto Stock Exchange (TMX), and the UK company’s Z / Yen team have jointly set up a blockchain database that is capable of producing time stamps in nanoseconds by connecting to the atomic clock.

As a result, the securities trading business will be able to be documented even more precisely due to a high-precision time stamp. The “Atomic Ledger” project has already recorded over 20 million transactions in the universal time (UTC) of atomic clocks. The basis for this was a 3-hour trading via the ChainZy Distributed Ledger System.

In this 3-hour trading, the data on TMX’s purchase and sales orders were stamped with a time stamp and entered on the Distributed Ledger of ChainZY. The results of the Strathclydes Centure of Financial Regulation and Innovation are to be evaluated.

Triggers for the research project are new EU directives, which place higher demands on time stamps in high-frequency trading. The EU directives are to enter into force on 3 January 2018 and require a more precise synchronization between the market participants and their servers. Especially in the high-frequency trade, milliseconds can already decide over billions, correspondingly important here is a precise time recording.

The Bitcoin News