South Africa’s Strate planning blockchain-based shareholder electronic voting system in region’s capital markets based on Nasdaq technology

Briefing

South Africa’s Strate planning blockchain-based shareholder electronic voting system in region’s capital markets based on Nasdaq technology

November 29, 2017

Briefing

  • Blockchain Voting System – South African central securities depository Strate plans to implement Nasdaq’s distributed ledger technology to shareholder voting systems for corporations in region’s capital markets
  • Based on Estonia Project – Technology to be based on Nasdaq’s solution demonstrated in 2015 for Estonian market that assigns voting rights using token system and records ownership of securities
  • Features – Include multi-factor identification, repository of documents, token-based voting system, and real-time access to voting results
  • Benefits – Include improved security, transparency, and simplicity, while reducing costs

Accelerator

Market Disruption

Sector

Information Technology

Organization

Nasdaq Inc., Strate

Source

Original Publication Date

November 22, 2017

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