TMX Develops Blockchain Shareholder Voting System with Accenture
- The blockchain-based system will remove the need for shareholders to be physically present during the voting process.
TMX Group, operator of the Toronto Stock Exchange and another four marketplaces: TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX, has announced today a 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-based prototype for a shareholder voting system developed in collaboration with Accenture.
The London Summit 2017 is coming, get involved!
Designed as a solution for TSX Trust, TMX's transfer agency and corporate trust services provider, the prototype aims to significantly improve the security, efficiency and accuracy of the voting process during annual shareholder meetings. The developers also hope it will increase engagement by shareholders who won't need to be physically present for voting anymore.
"TSX Trust is excited to be at the forefront of meaningful progressive change in our industry and to provide our valued clients with leading edge tools to enable them to better serve their shareholders and fulfill their public company obligations," said Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX Group.
John Lee, Vice-President, Innovation and Enterprise Delivery, TMX Group added: "TMX is proud of the work we have done with our innovative partners at Accenture to develop this blockchain prototype. We continue to explore ways TMX can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term these new technologies in pursuit of tangible, transformative business solutions for our clients. "
"Leading-edge exchanges around the world are embracing the potential for blockchain technology to reinvent client services," said David Treat, managing director of Accenture's financial services industry blockchain practice. "TMX's approach aligns with our vision and commitment to making blockchain technology a paradigm-shifting reality within the capital markets sector."
TMX Group, operator of the Toronto Stock Exchange and another four marketplaces: TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX, has announced today a 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-based prototype for a shareholder voting system developed in collaboration with Accenture.
The London Summit 2017 is coming, get involved!
Designed as a solution for TSX Trust, TMX's transfer agency and corporate trust services provider, the prototype aims to significantly improve the security, efficiency and accuracy of the voting process during annual shareholder meetings. The developers also hope it will increase engagement by shareholders who won't need to be physically present for voting anymore.
"TSX Trust is excited to be at the forefront of meaningful progressive change in our industry and to provide our valued clients with leading edge tools to enable them to better serve their shareholders and fulfill their public company obligations," said Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX Group.
John Lee, Vice-President, Innovation and Enterprise Delivery, TMX Group added: "TMX is proud of the work we have done with our innovative partners at Accenture to develop this blockchain prototype. We continue to explore ways TMX can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term these new technologies in pursuit of tangible, transformative business solutions for our clients. "
"Leading-edge exchanges around the world are embracing the potential for blockchain technology to reinvent client services," said David Treat, managing director of Accenture's financial services industry blockchain practice. "TMX's approach aligns with our vision and commitment to making blockchain technology a paradigm-shifting reality within the capital markets sector."