ABU DHABI, 29th March, 2017 (WAM) — Abu Dhabi Securities Exchange, ADX, has won the ITP .Gov Award 2017 for applying the Blockchain technology in e-Voting services.
The exchange launched Blockchain for e-Voting services during Gulf Information Technology Exhibition, GITEX, last year. The launch is considered the first of its kind in the Middle East and North Africa region’s financial markets as it employs the latest innovations, which goes in line with the Fourth Industrial Revolution.
ADX Blockchain e-Voting Service allows parties concerned to directly connect and monitor voting in any Annual General Meeting (AGM), saving time, cost, and effort, and ensuring higher turnouts and more engagement at AGMs. It is considered an effective way to communicate via safe internet connections from anywhere in the world.
Rashed Al Blooshi, ADX Chief Executive, commented, “Blockchain is a giant step in digital performance that fits within the institutional effort made by Abu Dhabi e-Government to promote innovation and establish a knowledge-based economy. The award reflects an appreciation for ADX’s transformation to the digital era, and efforts to attract regional and international investments in line with Abu Dhabi Economic Vision 2030.”
Source: Emirates News Agency