Blockchain Technology Increases Shareholder Participation in Estonia

By: Alyson Wyers - Jul 28, 2016
References: ir.nasdaq & springwise
In an effort to increase shareholder participation, the Estonian stock market is using blockchain technology to enable remote voting. Using an international network of computers to store information, Nasdaq (the US stock exchange) will be able to store past activity logs to count votes. Blockchain also ensures information can't be tampered with, so it can be verified that no votes have been changed, duplicated or removed. This gives a more certain final count when it comes to votes.

This shareholder voting system means shareholders can cast their votes from abroad. This is something that hasn't been possible before, requiring e-residents who have stock in an Estonia-based online business to be physically present to vote in meetings. This will not just enhance shareholder participation, but potentially have deeper implications for traditional nationality.