Sunday January 24, 2021
Bitcoin (BTC) $31,842.00   Ether (ETH) $1,347.17
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Distributed Ledger Technology

IBM and Santiago Exchange partner for worlds first blockchain securities lending solution

Published by CryptoNinjas.net
05/17/2017

IBM (NYSE: IBM) and Chile’s Santiago Exchange, the largest in the country have announced a partnership to introduce blockchain technology across the country’s financial sector.

The agreement makes the Santiago Exchange the first stock market in Latin America to apply IBM Blockchain technology within its short-selling system for securities lending.

Blockchain or distributed ledger technology (DLT) works as an immutable ledger that records transactions, allowing secure information exchange.

Built by IBM and Chile’s Santiago Exchange, the solution is designed to help reduce errors, possible fraud, and processing time for each transaction, while also improving transaction management and lowering costs. In the case of the Santiago Exchange, the solution will result in significant time savings for the back-office processes.

“The Stock Exchange is a technologically advanced company, which provides the infrastructure and systems for all types of securities transactions and their clearing and settlement. The Stock Exchange also provides information services and management systems for intermediaries. Incorporating blockchain into our business processes is in line with that purpose and positions us as a forerunner in the financial market.”

Santiago Exchange CIO, Andrés Araya

IBM Chile General Manager, Francisco Thiermann, highlighted the fact that the Santiago Exchange is the first stock exchange in Latin America to implement a securities lending blockchain solution stating, “Our agreement with Santiago Exchange marks another new era of innovation in the stock market. Santiago Exchange is a pioneer in its industry, and the blockchain adoption establishes a transformational precedent in the financial market, not just in Chile but in this region and the world.”

The solution developed by IBM is based on the open-source Linux Foundation’s Hyperledger Fabric. The solution is expected to be widely available to support multiple parties across the financial industry ecosystem this year.

FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Clear completes PoC for blockchain interoperability network with Hyperledger Fabric

08/11/2020

IOHK joins Hyperledger consortium to encourage enterprise blockchain adoption

06/11/2020

Hyperledger Besu graduates to active project status

03/30/2020

Centotrenta launches credit securitization management platform based on IBM Blockchain technology

02/20/2020
Chainstack Report: Corda and Hyperledger Fabric account for over 50% of all enterprise blockchain developer activity

Chainstack Report: Corda and Hyperledger Fabric account for over 50% of all enterprise blockchain developer activity

01/21/2020
LimeChain becomes Hyperledger Certified Service Provider

LimeChain becomes Hyperledger Certified Service Provider

01/14/2020
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version