A blockchain consortium backed by a group of central securities depositories (CSDs) is pushing ahead with plans to develop a distributed ledger-based proxy voting system.
The CSD Working Group on DLT was formed earlier this year by a group of companies – chiefly responsible for storing huge amounts of financial instruments – that are looking to apply the technology to their operations. The consortium, which includes Russia’s National Settlement Depository (NSD), as well as central securities depositories from South Africa, Switzerland, Sweden, Chile, Argentina and the United Arab Emirates, announced this week that it has outlined the technical requirements for a proxy voting platform to be used in shareholder meetings.
The details were shared during a recent workshop which included IBM, Hyperledger and SWIFT, among other companies. SWIFT assisted in ensuring the document adhered to the ISO 20022 standard. They did not announce which company would develop the platform…
Read Full: CSD Blockchain Consortium Advances Work on Proxy Voting System