Computershare and SETL to Create Blockchain Securities Ownership Registers
- Computershare and SETL today demonstrated a working blockchain solution at Australia’s annual Investor and Analyst day.
Computershare (CPU:ASX) and SETL have announced a joint initiative to establish securities ownership registers using Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology. The joint initiative will focus initially on the Australian market and will examine the practicalities of establishing an immutable register of securities ownership using blockchain technology.
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Computershare say it will play the lead role in bringing together issuers, asset owners, brokers, regulators and market infrastructure providers to propose an open platform which meets the needs of all industry participants. SETL for its part will provide its blockchain technology and expertise to establish a financial-grade solution for this initiative in Australia.
“Computershare is uniquely placed to appreciate how blockchain technology will be specifically applied in maintaining ownership registers. We are already the keeper of definitive legal ownership - the ‘Golden Record’ - for our issuer clients and their stakeholders,” stated Paul Conn, President of Global Capital Markets for Computershare. “We chose to work with SETL because they have demonstrable working technology coupled with a deep bench of financial services expertise and experience.”
Peter Randall, the CEO of SETL stated: “We are excited to be working with Computershare on this joint initiative. They have an unrivaled position in understanding the needs and requirements of issuers and owners alike. Their focus on client servicing and their understanding of the life cycle of securities issuance and ownership makes them natural leaders in this field.”
They explain that the initial phase will engage a broad group of participants and will be used to build on SETL’s existing working prototype for transferring ownership of securities. The result is expected to be an open platform which can meet a variety of needs including those of issuers, owners, brokers, custodians, regulators, market infrastructure providers and registrars.
Computershare (CPU:ASX) and SETL have announced a joint initiative to establish securities ownership registers using Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology. The joint initiative will focus initially on the Australian market and will examine the practicalities of establishing an immutable register of securities ownership using blockchain technology.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Computershare say it will play the lead role in bringing together issuers, asset owners, brokers, regulators and market infrastructure providers to propose an open platform which meets the needs of all industry participants. SETL for its part will provide its blockchain technology and expertise to establish a financial-grade solution for this initiative in Australia.
“Computershare is uniquely placed to appreciate how blockchain technology will be specifically applied in maintaining ownership registers. We are already the keeper of definitive legal ownership - the ‘Golden Record’ - for our issuer clients and their stakeholders,” stated Paul Conn, President of Global Capital Markets for Computershare. “We chose to work with SETL because they have demonstrable working technology coupled with a deep bench of financial services expertise and experience.”
Peter Randall, the CEO of SETL stated: “We are excited to be working with Computershare on this joint initiative. They have an unrivaled position in understanding the needs and requirements of issuers and owners alike. Their focus on client servicing and their understanding of the life cycle of securities issuance and ownership makes them natural leaders in this field.”
They explain that the initial phase will engage a broad group of participants and will be used to build on SETL’s existing working prototype for transferring ownership of securities. The result is expected to be an open platform which can meet a variety of needs including those of issuers, owners, brokers, custodians, regulators, market infrastructure providers and registrars.