Abu Dhabi Securities Exchange Launches Blockchain eVoting


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Abu Dhabi Securities Exchange (ADX) recently announced at GITEX Tech Week its launch of Blockchain technology for eVoting services – the first stock market globally to integrate Blockchain in it’s services.

The launch is considered the first of its kind for the MENA region financial markets as it employs the latest innovations in the 21st century – associated with the 4th industrial revolution.

ADX has been showcasing its utilization of Blockchain technology at the Abu Dhabi Government platform during GITEX Tech week which is taking place at the Dubai World Trade Centre, 16-20 October.

Blockchain is considered a decentralized and safe network through which deals linked to numerous documents, shares, financial products, digital notes, and commercial contracts can be executed. It is safe, fast, and efficient for all network partners as well as for those who participate in the workflow process.

“The Abu Dhabi Plan is what inspires us to accomplish our strategic goals. ADX is committed to creating a business environment that is both competitive and flexible. Accordingly, adopting Blockchain technology in our projects comes in alignment with the digital transformation of Abu Dhabi’s government services as we constantly strive to introduce new ways that ease the process of doing business in the Emirate.” said Rashed Al Blooshi, Chief Executive of ADX.

“We are proud to be the first stock market that employs Blockchain technology in the services provided to stakeholders. This step comes as we aspire towards becoming a fully digital Exchange, with our strategic objectives aligned with Abu Dhabi’s vision for building a knowledge-based sustainable economy that constantly evolves,“ he added.

ADX Blockchain eVoting Service will allow the concerned parties to directly connect and monitor voting in any Annual General Meeting (AGM). This digital service will save time, cost, and effort. It will also add to the vitality of the AGMs through high attendance and interaction with the decisions.

It is considered an effective way to interrelate via safe internet connections from anywhere in the world. ADX Blockchain eVoting Service will enable a company’s shareholder to access reports and statements relevant to the AGM, whether for candidates for the Board or quorum for voting – among other decisions and other information by means of their smart devices.

The Blockchain is one of the many new services offered by ADX in its Electronic Platform at GITEX2016. These services include: Initial Public Offering (IPO) Management System, Rights Issue Management System, AGM Management, and Cash Dividend Payments Management System. Moreover, ADX will exhibit “Sahmi” interactive Kiosk, ADX Mobile Application, ADX smart watch, with other services offered on the ADX newly designed website that comply with international best practices in serving investors and companies.

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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