[2017-04-06] ToI: Exchange operator develops voting prototype using blockchain

Exchange operator TMX develops proxy voting prototype using blockchain

http://timesofindia.indiatimes.com/business/international-business/exchange-operator-tmx-develops-proxy-voting-prototype-using-blockchain/articleshow/58053161.cms

The Toronto Stock Exchange operator, TMX Group Ltd, said on Thursday it has developed a blockchain-based prototype for electronic shareholder voting, the latest effort by an exchange operator to leverage the technology to try to solve an industry problem.

The secure electronic voting prototype, which was developed in consultation with Accenture Plc, would make voting during annual shareholder meetings significantly more efficient and accurate, and help boost shareholder involvement in corporate governance without the need to vote in person, said TMX.

Thousands of clients could potentially benefit from the technology, according to TMX, including more than 3,000 issuers listed on its exchanges, more than 200 sell-side broker/dealers and a handful of depositories.

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