Today Santander announced it ran a second pilot for blockchain investor proxy voting at its latest annual general meeting (AGM). The advantages of the solution are enhanced global proxy vote transparency, increased efficiency, security, and analytics. Parties that benefit include investors, issuers, agent banks, and custodian banks.
Broadridge Financial Solutions partnered with Banco Santander as well as JP Morgan and Northern Trust. For last year’s AGM, they ran a first proof of concept built on a private Ethereum blockchain.
This year they used JPMorgan’s Quorum blockchain technology and created a distributed network among all participants. In other words, different participants operated nodes or servers in the network.
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