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Banco Santander Successfully Completes ‘First Practical’ Blockchain Investor Voting Pilot

One of the most greatest banks in Europe, Spain-headquartered Santander has turn into the primary corporate to make use of blockchain era for investor balloting, it introduced Might 17.

The second one blockchain-related first for Santander in simply over a month, the financial institution partnered with US digital information processing products and services corporate Broadridge Monetary Answers to facilitate an investor poll at its annual common assembly March 23.

JPMorgan and Northern Consider participated as custodian banks, an accompanying press unlock showed, together with Santander’s devoted Blockchain Lab.

“The blockchain era has enhanced potency and transparency upon the reception and vote tabulation procedure, which is able to lead to bridging the distance between all within the procedure,” head of company products and services Luis Antonio Perez added in feedback.

The investor transfer is the most recent instance of blockchain’s secure access into the balloting procedure, with govt government mainly inspecting how the era may make an growth over same old procedures.

Russia has plans to check local-level blockchain balloting, whilst in March, Sierra Leone conversely hit the headlines after false rumors it had turn into the primary nation on the earth to make use of blockchain balloting in its national elections.

Santander in the meantime introduced a pioneering undertaking of its personal final month, teaming up with Ripple to provide a blockchain global cost carrier for patrons in sure markets.

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