Russian, South African CSDs Collborate to Explore Blockchain Technology

Russian, South African CSDs Collborate to Explore Blockchain Technology

South Africa’s Central Securities Depositories (CSDs) Strate has signed a Letter of Intent with Russia’s National Settlement Depository NSD at the Sibos event in Geneva in September 2016 to forge a partnership that will develop solutions utilizing blockchain – or the Distributed Ledger Technology (DLT). The first use case is focused on proxy voting which is a vital process for decision-making bodies to delegate their voting power to other members of the same body to vote in their absence, and/or to select additional representatives. Such processes are crucial to financial markets....


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