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Global financial messaging network, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), is carrying out a blockchain-based shareholder e-voting proof-of-concept (PoC) with major financial institutions. SWIFT announced the news in a press release published on March 6.
Per the press release, the PoC will be jointly conducted in the Asia Pacific region with Deutsche Bank, DBS, HSBC, Standard Chartered Bank, securities software provider SLI and the Singapore Exchange (SGX). The test is meant to establish whether distributed ledger technology (DLT) can simplify the management of shareholder meetings.
More precisely, the test, which is set to run during the first half of 2019, is meant to accomplish four main goals, the press release explains. First of all, it is designed to
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