By Andrei Skvarsky.
Blockchain trading platform provider trade.io and financial broker FXPrimus are launching a blockchain-based application for financial traders to check whether data shown on their MetaTrader 4 (MT4) online trading platform has not been tampered with.
Blockchain Trade Verifier (BTV), “a first-of-its-kind semi-decentralised application”, will work intuitively with MT4 with each trade being recorded on a blockchain, according to a statement from FXPrimus, which is an online broker with its headquarters in Limassol, Cyprus.
trade.io, a company based in Zug, Switzerland, has granted FXPrimus exclusive rights to provide traders with BTV, according to the statement.
BTV will be publicly available over the coming weeks, and a few traders have been invited to try out the app on an exclusive basis before then, the statement said.
It said only trade order numbers and other trade details would be visible on BTV while the traders’ personal account data “will be protected at all times”.