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Banco Santander uses blockchain for investor voting

Banco SantanderBanco Santander has successfully tested blockchain technology for investor voting, thus becoming the first corporate entity to do so. The bank had partnered with Broadridge Financial Solutions of the US to facilitate an investor ballot at its annual general meeting. JPMorgan and Northern Trust participated as custodian banks, along with Santander’s dedicated Blockchain Lab. According to Luis Antonio Perez, head of corporate services at the bank, the blockchain technology has enhanced efficiency and transparency upon the reception and vote tabulation process, which will result in bridging the gap between all in the process. Santander had earlier launched a pioneering project of its own last month, teaming up with Ripple to offer a blockchain international payment service for customers in certain markets.

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