SAPHYRE
“ He was a leading voice on the Robinhood , GameStop fiasco a few years ago , and he was able to pick up what Saphyre can deliver to traders in rapid time . His involvement means a lot ,” Stephen adds .
The importance of real-time trade settlement in a T + 1 environment Kevin ’ s endorsement highlights the importance of T + 0 in a T + 1 environment .
Indeed , instances like the GameStop fiasco have necessitated the transition from a T + 2 to a T + 1 environment . In the previous T + 2 environment , GameStop ’ s true shares inventory – at a time when Reddit communities were buying up GameStop stock to combat a hedge fund short on the struggling video game retailer – was not accurately reflected .
However , using blockchain – or distributed ledger technology ( DLT ) – immutably tracks inventories in real -time transparently .
But blockchain technology alone is not enough to track all the trading transactions – there are millions every second .
“ Bitcoin can only process around seven transactions per second ,” says Gabino . “ While this may work for Bitcoin crypto trading , it is not very efficient in the finance world where there are millions of trade transactions per second . saphyre . com 11