Blockchain-Based Proxy Vote Solution PoC Successful

Broadridge Financial Solutions, Inc., J.P. Morgan, Northern Trust and Banco Santander have announced the successful completion of a pilot which employs a blockchain technology to enhance global proxy vote transparency and analytics.

As Broadridge’s first application of blockchain technology, the pilot provides transparency by adapting distributed ledger technology capabilities to provide daily insight into vote progress throughout the issuer’s proxy voting period, from meeting announcement date to the annual general meeting. The application ensures role-based access to voting data through use of cryptography and smart contract technology and is built on an Ethereum blockchain platform.

 

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