SWIFT , a major financial services provider, announced that it will implement PoC (conceptual proof) of the voting system utilizing decentralized ledger technology (DLT) between the Singapore Stock Exchange and the four megabanks.
Through PoC this time, the private block chains are trying to verify whether the management of the general shareholders’ meeting and the accompanying voting process will be transparentized and automated to reduce time and resources.
In addition to the Singapore Stock Exchange , Deutsche Bank , DBS , HSBC and Standard Chartered Bank are supposed to participate in this PoC, and the securities software provider’s SLIB is also participating in this project.
SWIFT also wants to verify whether the financial communication system utilizing DLT can promote interoperability and market integration through this demonstration experiment.
SWIFT is a company that provides services to establish secure communication between banks, and its protocol is used for foreign remittances around the world.
Ripple (ripple) and SWIFT, which provide foreign exchange services utilizing block chain technology, are often taken up as competing forces, and recent attention is gaining attention in recent two-party movements.
Article Source: SWIFT Press Release
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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/swift-dlt-based-voting-system-poc/
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