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(COINTELEGRAPH) The Shanghai Stock Exchange (SSE), the world’s fourth-largest stock exchange, has released plans to use distributed ledger technology (DLT) in securities transactions. The SSE which had a market cap in excess of $5 tln as of December 2017, said in a report that “most people” consider that blockchain technology can “help improve the transparency of the securities industry.”

“Part of the market is now starting to adopt this technology in part, and larger-scale industry applications will do so after a few years,” the SSE said.

While China’s ban on cryptocurrency innovations such as Initial Coin Offerings (ICOs) and free trading continue, authorities have made increasingly concerted efforts to corner blockchain development this year.