Abu Dhabi Securities Exchange Launches Blockchain eVoting

147
ADVERTISEMENTSMunchee Dmarket exhastaWorldcore ICOParagon ICOSpectre Token Sale

Share with:


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 of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo