The actual trade process can be streamlined and automated using blockchain technology, which allows all parties involved in the transaction to have access to the same trade data. In this situation, the technology would take out some of the intermediaries, such as brokers, and allow for more effective data management, transparency, faster processing cycles, and minimal reconciliation.
Nasdaq was one of the first companies in the financial services industry to develop a blockchain-based solution. It's called Nasdaq Linq and it utilizes blockchain to power capital tables, which are used by private corporations to handle their stock.