Square’s $297M stake in Tidal could unlock DLT features, analyst says

Square’s majority stake in Jay-Z’s streaming service Tidal could potentially result in some blockchain-related functionalities on the platform, according to one analyst.

Avivah Litan, a technology analyst at consulting company Gartner (NYSE:), suggested that Square’s $297 million investment could push Tidal to start taking advantage of new technologies like blockchain and cryptocurrencies, Reuters reports Friday.