Nasdaq to Launch Blockchain Voting Trial for Estonian Stock Market
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....
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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....
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....
Exchange operator Nasdaq has released its conclusions about a blockchain e-voting trial it conducted in Estonia last year. A new Nasdaq report, published today, details the project, which it unveiled in February 2016. At the time, the company's officials said they hoped to reduce both the complexity and cost of organizing shareholder votes as part of a bid to boost overall participation. Overall, it concluded: "This model successfully demonstrated how a blockchain could be used for something other than transaction settlement." Nasdaq leveraged information from Estonia’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....
Nasdaq CEO Bob Greifeld has suggested that the US-based stock market plans to roll out additional blockchain projects "in the future". The comments are the latest from the firm, which announced plans to trial blockchain technology as part of its Nasdaq Private Market service in May. Nasdaq revealed in June that it had established a formal relationship with blockchain services provider Chain. Greifeld's most recent statement was made in a conference call in which he hinted at the stock exchanges's strategy toward the technology, according to Bloomberg. Greifeld said: "The application of....