Deutsche Börse Group plans to invest 315 million US dollars to develop emerging technologies such as blockchain

image taken from eweek.com

The Deutsche Borse, the world's ninth largest stock exchange, has recently stated on the company's 2020 roadmap that it will invest US$315 million in the research and development of new technologies including blockchains . In terms of blockchain development, Deutsche Börse is studying how the technology creates new types of businesses and generates corresponding profits. And just last week, Deutsche Boerse also said that they are in-depth study of cryptocurrency-related integration.

Finextra May 30 reported that the German stock exchange and stock exchange - German Stock Exchange (Deutsche Borse) will include a block chain of new technology, including an investment of 270 million euros ($ 315 million).

The spending plan is part of the company's 2020 roadmap, which involves 350 layoffs but also includes big data analytics, cloud, computing, robotics, and artificial intelligence. The Deutsche Börse, the world’s ninth largest exchange, points out that the plan also includes the creation of hundreds of new positions in these areas in the future.

In terms of blockchain development, Deutsche Börse is studying how the technology “creates new types of business and generates corresponding profits”.

The Deutsche Börse Group CEO, Theodor Weimer, said when talking about the overall technology spending plan:

“Deutsche Börse is preparing for the future and further development in the best possible way. We will be more focused on the scalability of our business model and strengthen our operational processes.”

The end of March, Deutsche Börse reported that they will work with HQLAx in R3 of Corda blockchain. The company then added that due to the volatility of Bitcoin (BTC), they will not cooperate with cryptocompanies to implement the platform.

However, just last week the Deutsche Börse stated that they are studying cryptocurrency integration options in depth .