Nasdaq And Estonia’s E-Residency To Empower Shareholders On Estonian Stock Exchange
Estonia’s e-Residency platform will facilitate a blockchain-based e-voting service enabling shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange to vote in shareholder meetings, according to Nasdaq and the Republic of Estonia. The Nasdaq’s Tallinn Stock Exchange is Estonia’s only regulated securities market, according to Nasdaq. The e-Residency platform is an electronic identity system that Estonian residents and those with business interests in Estonia use to access government services. The program marks Nasdaq’s second official blockchain project after delivering the first....
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E-voting has emerged as an area with many applications, including shareholder voting, according to a Nasdaq report by Richard DeMarinis, principal software engineer at Nasdaq’s enterprise architecture and Heidi Uustalu, head of Nasdaq Tallinn issuer services, and Frederik Voss, head of Nasdaq blockchain strategy. Nasdaq announced interest in 2016 in a new e-voting platform using blockchain technology on its Tallinn exchange in Estonia. The project leveraged digital ID solutions used by the government to provide ID cards to foreigners through the country’s e-Residency program. The Nasdaq’s....
Nasdaq (Nasdaq: NDAQ) has just announced its collaboration with the Republic of Estonia in its second official blockchain project. The partnership will implement the distributed ledger Linq to facilitate Estonia’s e-Residency platform. The latest extension of the Baltic region’s e-Residency program will be a blockchain-based e-voting service that enables....
Global stock market giant Nasdaq has announced it is developing an electronic shareholder voting system based on blockchain technology. According to Nasdaq representatives, the trial marks the first steps in a project that would allow shareholders of companies listed on the Nasdaq OMX Tallinn Stock Exchange – Estonia's only regulated securities market – to more frequently participate in voting processes. Currently, they suggested, these processes are out of touch with the needs of the market. In comments to CoinDesk, officials connected to the project cited statistics that show shareholder....
Rory Cellan-Jones, a BBC technology writer, recently took advantage of Estonia’s e-Residency program and became an Estonian resident. He now has a plastic card with an embedded chip that confirms his identity. The e-Residency platform is an electronic identity system that Estonian residents and those with business interests in Estonia use to access government services. The residency program is Estonia’s way to export its digital identity expertise. Program Draws 10,000 Worldwide. The program has attracted 10,000 people globally. The e-residents pay 100 Euros for many of the same benefits....
Local authorities hope that tackling the issue will restore trust in the e-residency program. The e-residency program of Estonia is now under the local regulator’s radar as foreigners registered as e-residents of the Baltic nation are being linked to cryptocurrency frauds. The local police’s Financial Intelligence Unit has discovered that overseas companies owned by e-residents of Estonia have been involved in multiple large-scale exit scams.Regulators also suspect that Estonian firms and e-residents were involved in organizing initial coin offering scams, according to the police report....