29 May 2017
Find out more

Santiago Exchange signs for IBM blockchain tech

18 May 2017  |  5577 views  |  0 Argentina

Chile's Santiago Exchange has enlisted IBM to help it build what is being billed as the world's first securities lending blockchain platform.

Under an agreement, the Santiago Exchange will apply IBM Blockchain technology, based on the open source Linux Foundation's Hyperledger Fabric, within its short selling system for securities lending.

The partners say that their system should help reduce errors, possible fraud, and processing time, while also improving transaction management and lowering costs.

IBM Chile GM, Francisco Thiermann, says: "Santiago Exchange is a pioneer in its industry, and the blockchain adoption establishes a transformational precedent in the financial market, not just in Chile but in this region and the world," he said.

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

IBM, Natixis and Trafigura team on blockchain platform for oil trades

IBM, Natixis and Trafigura team on blockchain platform for oil trades

28 March 2017  |  13196 views  |  0 comments | 12 tweets | 14 linkedin
SecureKey taps IBM to put identity on the blockchain

SecureKey taps IBM to put identity on the blockchain

20 March 2017  |  11104 views  |  0 comments | 23 tweets | 15 linkedin
IBM and Maersk advance blockchain project for global trade

IBM and Maersk advance blockchain project for global trade

06 March 2017  |  8237 views  |  0 comments | 14 tweets | 7 linkedin
IBM and Dubai Government initiate blockchain logistics initiative

IBM and Dubai Government initiate blockchain logistics initiative

07 February 2017  |  12454 views  |  0 comments | 8 tweets | 9 linkedin
IBM and China UnionPay apply the blockchain to loyalty bonus point exchange

IBM and China UnionPay apply the blockchain to loyalty bonus point exchange

23 September 2016  |  9492 views  |  0 comments | 11 tweets | 5 linkedin
IBM makes blockchain cloud play

IBM makes blockchain cloud play

29 April 2016  |  12124 views  |  0 comments | 26 tweets | 23 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.niceactimize.comDownload the paper now

Who is commenting on blockchain?

Top blockchain topics

Most viewed Most shared
R3 raises $107mR3 raises $107m
7724 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
7514 views comments | 24 tweets | 12 linkedin
Bank of Canada says DLT not ready for interbank payment systemBank of Canada says DLT not ready for inte...
7159 views comments | 26 tweets | 23 linkedin
Citi and Nasdaq run blockchain-based settlement for private securitiesCiti and Nasdaq run blockchain-based settl...
6393 views comments | 9 tweets | 15 linkedin
satelliteRussian researchers develop 'quantum-safe'...
5925 views comments | 16 tweets | 2 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job