Broadridge, J.P. Morgan, Northern Trust and Banco Santander Successfully Complete Pilot of Blockchain-Based Proxy Vote Solution
Broadridge Financial Solutions, Inc. (BR)
Last broadridge financial solutions, inc. earnings: 1/31 07:00 am
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Source: PR Newswire
LAKE SUCCESS, N.Y., April 11, 2017 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), J.P. Morgan, Northern Trust and Banco Santander today announced the successful completion of a pilot which employs a blockchain technology to enhance global proxy vote transparency and analytics. The pilot, Broadridge's first application of blockchain technology, provides transparency by adapting distributed ledger technology capabilities to provide daily insight into vote progress throughout the issuer's proxy voting period, from meeting announcement date to the annual general meeting. The application ensures role-based access to voting data through use of cryptography and smart contract technology and is built on an Ethereum blockchain platform."This pilot demonstrates Broadridge's commitment to developing innovative technology solutions to enhance transparency in the global proxy voting process for the mutual benefit of all stakeholders, ultimately improving corporate governance for
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