The Abu Dhabi Stock Exchange has partnered with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will advise the ADX on how best to use the new technologies, including the block chain, to improve the operational efficiency of the change in transaction speed and security.
ADX CEO Rashed Al Blooshi said in a statement on Monday:
“Equichain and its working group will provide test and stakeholders with a new blockchain technology test to identify the obvious change and to increase the safety of transactions at the speed and financial market for the benefit of our investors.
Worldwide, BlockChain is gaining popularity in the trend toward blockchain FinTech technology and related technologies for their logistics and operations consider many Arab Gulf capital markets.
the information economy and digital businesses can be the answer – to diversify the traditional industry of oil that can be number one as Fintech defined as the way the oil-rich segment of governments return to new solutions to provide fuel for the day’s environmentalism heating and transportation. The BAE, Kuwait and Bahrain governments have already developed new regulations for the financial technology industry.
ADX is the first in the Middle East / Africa to adopt the blockchain that the listed companies use technology records distributed to electronic voting services for annual meetings, according to the third shopping in the world and already e-mailed ‘Al Blooshi. Expression reads more:
“While the intent of this initiative is to allow redefinition of its smooth task, it will connect the two ends of the corporate investment franchise through blockchain technology and expand the product range by removing some of the middle tiers that are part of the business cycle.
Equichain is headquartered in London and has two other groups for market infrastructure providers, such as scholarships for institutional investors and only existing groups with invitations. Blockchain can help to facilitate the business cycle and improve the efficiency of the transaction process.
ADX will participate in the second group including opinion leaders in the financial and financial services sector. statement group “to explore the platforms of applications and Equichain products, as well as providing a forum for discussing blockchain practice in financial markets.” announced
ADX will be a partner of the group and will therefore work closely with other partners to share their knowledge and experience on the use of the industry’s blockchain technology.
Equichain CEO Nicholas Bone said:
“This [partnership] will continue our efforts to create a smoother capital market environment for investors offering higher efficiency, reduced risk and lower cost.”