TMX Group is partnering with IT services firm Accenture to develop a blockchain prototype that will improve the efficiency and accuracy of shareholder votes. "The integrity of the voting system is somewhat challenged, there are multiple datasets requiring reconciliation across multiple parties", said Lee, vice-president of innovation and enterprise delivery at TMX Group. Work began on the project in January, and when completed, the e-proxy voting system should be available to firms via transfer agency and corporate trust services provider, TSX Trust.
TMX Group is partnering with IT services firm Accenture to develop a blockchain prototype that will improve the efficiency and accuracy of shareholder votes. "The integrity of the voting system is somewhat challenged, there are multiple datasets requiring reconciliation across multiple parties", said John Lee, vice-president of innovation and enterprise delivery at TMX Group. Work began on the project in January, and when completed, the e-proxy voting system should be available to firms via transfer agency and corporate trust services provider, TSX Trust.