Abu Dhabi Securities Exchange Launches Blockchain Voting Services

Abu Dhabi Securities Exchange Launches Blockchain Voting Services

THELOGICALINDIAN - Abu Dhabi Securities Exchange ADX announcedits barrage of blockchainbased voting casework at the GITEX Technology Week The accident is demography abode at the Dubai World Trade Centre from October 16 to 20

Also read: Australian Government Considers Blockchain Tech for Land Transport 

About ADX Blockchain eVoting Services

adx blockchain votingADX Blockchain eVoting Services could benefit companies’ shareholders. They will be able to anon affix and adviser voting in any Annual General Meeting (AGM).

This will save time, amount and efforts. The barter additionally hopes that these casework will admission appearance at AGMs as able-bodied as aid controlling processes. Additionally, shareholders can admission letters and statements accordant to AGMs application their acute devices.

“We are appreciative to be the aboriginal banal bazaar that employs blockchain technology in the casework provided to stakeholders,” Rashed Al Blooshi, Chief Executive of ADX said in the announcement. He said his barter aspires to become a absolutely agenda exchange. He acclaimed that:

Blockchain Could Revolutionize Voting

In September, the European Parliament appear a abbreviate report european-parliamenton how blockchain can be acclimated for voting. The address claims blockchain-enabled e-voting (BEV) would empower voters to record, manage, calculation and analysis the votes themselves instead of relying on a axial authority.

The address additionally states “The celebrated almanac could again not be afflicted because added voters would see that the almanac differs from theirs.” In addition, “Illegitimate votes could not be added, because added voters would be able to scrutinise whether votes were accordant with the rules.”

Blockchain technology finer would about-face ability and assurance abroad from axial authorities appear a tech-enabled association consensus.

Dubai Also Big on Blockchains

Within the UAE, Dubai is additionally heavily exploring the use of blockchain technology. The Crown Prince of Dubai wants all government abstracts captivated in a blockchain by 2020. The better coffer in Dubai, Emirates, has additionally partnered with the additional better coffer in India, ICICI, to pilot barter accounts and remittance transactions.

What do you anticipate of Abu Dhabi Securities Exchange’s blockchain e-voting services? Let us apperceive in the comments area below.

Images address of Shutterstock, ADX, The National, European Parliament

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