Abu Dhabi Securities Exchange Announces Blockchain eVoting Service
Abu Dhabi Securities Exchange becomes the first stock exchange in the Middle East to incorporate blockchain eVoting solution. The Middle East is emerging to be one of the most receptive markets for Blockchain technology. Yesterday, Abu Dhabi Securities Exchange (ADX) became the latest financial institution in the region to announce the implementation of blockchain technology-based voting services. The announcement made at the ongoing GITEX Tech Week event closely follows Dubai Government’s recent decision to use distributed ledger technology to maintain records. ADX’s implementation for....
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Abu Dhabi Securities Exchange (ADX) announced its launch of blockchain-based voting services at the GITEX Technology Week. The event is taking place at the Dubai World Trade Centre from October 16 to 20. About ADX Blockchain eVoting Services. ADX Blockchain eVoting Services could benefit companies’ shareholders. They will be able to directly connect and....
A major securities exchange in Abu Dhabi has announced the launch of a blockchain-enabled voting service. According to The Abu Dhabi Securities Exchange (ADX), the service enables stakeholders to both participate in and observe votes held during annual general meetings (AGMs). The offering focuses on a use case that has spurred both private and public sector interest in the past. The exchange, founded in 2000, said last week that it would showcase the project during the GITEX Tech Week, an Abu Dhabi-based technology conference that began yesterday. When announcing the service, ADX invoked....
The Abu Dhabi Securities Exchange (ADX), has developed an e-voting platform based on blockchain technology, an announcement yesterday revealed. The e-voting service will enable shareholders of listed companies on the exchange to vote during annual general meetings. The aim is to facilitate a simpler and more effective voting process, in what is traditionally a cumbersome and manual procedure. Presumably, each transaction on the ADX-developed blockchain platform will be counted as a vote. Blockchain is considered a decentralized and safe network… fast, and efficient for all network partners....
The deployment of blockchain technology is very much on the agenda of the Abu Dhabi Securities Exchange, revealed chief executive Rasheed Al Blooshi. The Abu Dhabi Securities Exchange (ADX) will look to deploy blockchain technology, the innovation powering digital currencies like bitcoin, on a regional scale in compliance to a remit in line with Abu Dhabi’s Economic Vision 2030 [PDF]. “[A]dopting blockchain technology in our projects comes in alignment with the digital transformation of Abu Dhabi’s government services as we constantly strive to introduce new ways that ease the process of....
Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple. The National Bank of Abu Dhabi (NBAD), the emirate’s biggest bank and one of the largest in the UAE, said today that it has integrated Ripple’s technology into its own systems, allowing for intrabank transfers for NBAD customers. Vineet Varma, NBAD’s managing director and head of global transaction banking, said in a statement: “We’re always exploring new ways to enhance our customers’ experience. With blockchain, we hope that we could address the needs....