Oil Trading: Messenger Blockchain Opportunity?
Interesting read over on Bloomberg, “These May Be the Only People Who Want Yahoo to Thrive”. I can only assume the oil traders are a niche user of Messenger, given the new Messenger platform has a reduced feature set:
Yahoo, meanwhile, is forcing new users to an updated platform that compliance officers at some trading houses have declared off limits because the chats can’t be recorded and logged internally
Which leads to a few thoughts for the Oil Traders solution:
- Buy Yahoo! Messenger via a consortium 🙂
- Symphony Communication
- Join the blockchain bandwagon, and follow Pentagon or SendChat with a blockchain backed messenger. Further, it would allow the Oil Traders to further integrate the actual contracts into a Distributed Ledger, offering a future based platform that is compliant +ve. Chat and contract together in a Distributed Ledge would can only be a win from a Mifid viewpoint 🙂 – unified treatment of clients, trade interaction audit trail, and Organised Trading Facility (OTF).