Nasdaq develop blockchain voting system

Nasdaq and Strate had agreement about deliver a new blockchain solution for South Africa
23 November 2017   521

This solution would bring electronic voting to the capital markets in South Africa. It is based on the tested concept that was developed for Nasdaq’s Estonia market and it will allow with key stakeholders in the market, give shareholders an easy, usability and secure tool for voting remotely and  to provide general meeting services.

This solution is very useful for the South African financial markets because they have many inefficiencies and risks.The solution intended to service clients’ needs across the market from  custodians, transfer secretaries to issuers, asset managers and those holding shares in listed companies.

A major indicator of progress in the capital markets is when technology not only bolsters performance, but also improves efficiency and transparency. By leveraging blockchain, we are able to reduce friction in the voting and proxy assignment process and also ensure that all information is transparent to stakeholders when required and with the proper security, governance and risk procedures in place.

 

Lars Ottersgård

Executive Vice President and Head of Market Technology, Nasdaq

It has some benefits, for example:  information about meetings, agenda items and management proposals is easily reachable, secure (multifactor) identification of shareholders and their representatives, remote participation and proxy assignment, submitting votes before and/or voting during the general meeting, full track record of assigned proxies and casted votes, online/ real-time access to voting results, transparency and auditability of voting results for listed companies and others.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.