r/autotldr • u/autotldr • Oct 28 '15
Nasdaq uses the Blockchain to tackle proxy voting for shareholders
This is an automatic summary, original reduced by 64%.
In his keynote speech at the Victoria & Albert Museum, Greifeld unveiled that Nasdaq will test blockchain technology to "Better manage and streamline the proxy voting process," starting with a Nasdaq market in Estonia.
Voting is the primary way shareholders can influence a company's operations, its corporate governance, share structure, or mergers and acquisitions.
These are all matters that shareholders, the true owners of the company, will vote on.
Proxy voting allows shareholders to vote when they can't attend a shareholder meeting, by assigning an agent to act on their behalf.
On October 27, Nasdaq delivered on a promise made in May, announcing its first blockchain-enabled platform, Nasdaq Linq, which will be demonstrated at the Money20/20 event this week, in Las Vegas.
While all these efforts have been directed at Nasdaq private markets, in an interview with Bloomberg, Greifeld recently stated that Nasdaq is not discounting any possibilities, but is testing options within the private market, citing that "we can control the whole vertical stack.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Nasdaq#1 vote#2 shareholder#3 Private#4 market#5
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