18 October 2017
visit www.avoka.com

Nasdaq to pilot blockchain for proxy voting in Estonia

12 February 2016  |  10062 views  |  0 Tallin

Nasdaq is to use blockchain technology to streamline proxy voting on companies listed on the US Exchange-held Tallinn Stock Exchange.

Nasdaq is piggy-backing off Estonia's e-Residency platform - a digital authentication service used by both Estonian residents and those with business interests in the country to access government services - to identify shareholders and then record votes on its private blockchain.

The programme marks the second official distributed ledger project from Nasdaq, following the successful delivery late last year of private securities issuance between an investor and company via Nasdaq Linq, its blockchain-enabled platform.

Hans-Ole Jochumsen, president, Nasdaq, says that by making e-voting more efficient and secure, the blockchain-based system has the potential to empower shareholders and improve their engagement.

""Estonia's robust information society and forward thinking coupled with the agility its size affords, creates a unique opportunity to premiere the e-voting pilot in Estonia," he says. "We're excited to see the development of this project over the coming months, and look forward to working closely with the government of Estonia to set a transformative example of the future of governance."

The pilot is set to go live at an unspecified date later this year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nasdaq sees in the New Year with first blockchain transaction

Nasdaq sees in the New Year with first blockchain transaction

04 January 2016  |  15285 views  |  1 comments | 36 tweets | 32 linkedin
Nasdaq signs first clients to blockchain-based platform

Nasdaq signs first clients to blockchain-based platform

27 October 2015  |  7356 views  |  0 comments | 18 tweets | 21 linkedin
Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

10 September 2015  |  14755 views  |  0 comments | 25 tweets | 19 linkedin
Nasdaq calls in Chain for blockchain project

Nasdaq calls in Chain for blockchain project

24 June 2015  |  5536 views  |  0 comments | 10 tweets | 6 linkedin
Nasdaq OMX embraces the blockchain

Nasdaq OMX embraces the blockchain

11 May 2015  |  7697 views  |  0 comments | 15 tweets | 9 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15478 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8672 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8279 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7738 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6945 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job