Blockchain Technology now part of ADX and FinTech collaboration
Blockchain innovation is set to be the future of financial transactions. Worldwide management of Finance can potentially be changed through a traceable worldwide money finish with a proficient framework.
Equichain, a UK based financial technology organisation has collaborated with the Abu Dhabi Securities Exchange.
It is a UK based financial technology company provides blockchain innovation administration to capital markets. Equichain will use a unique approach to prompt ADX to use new innovations like blockchain. With this they can expand the operational productivity of the trade as far as exchange speed and security.
The company will quickly achive ADX through a unique approach. Equichain will prompt ADX on the most ideal approach to utilize new innovations including blockchain to expand the operational productivity of the trade as far as exchange speed and security.
Rashed Al Blooshi, ADX’s Chief Executive said, “The open exchange with Equichain and members of the working group will allow us to identify and test new applications of blockchain technology, aiming to enhance the speed and security of capital market transactions to the benefit of our investors and stakeholders.”
Equichain is responsible for 2 groups, which includes institutional investors and market infrastructure providers like stock exchanges. The company believes blockchain technology can improve the efficiency of the exchange process and ease the trading cycle.
CEO of Equichain, Nicholas Bone added,“This [partnership] will further our efforts towards establishing a more streamlined capital markets environment for investors, providing greater efficiency, reduced risk and lower cost.”
ADX will join the second meeting with Fintech and other services industries leaders. According to the declaration, the group will “explore applications of Equichain’s platforms and products, in addition to providing a forum to discuss the practical application of blockchain in capital markets.”
ADX and other departments assembled will work together to share their learning on utilizing of blockchain improvement in the business.
Image via Shutterstock
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