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.
Remote Voting Systems
Blockchain Technology Increases Shareholder Participation in Estonia
Trend Themes
1. Blockchain Technology - Using blockchain technology enables remote voting and ensures tamper-proof information for a more accurate vote count.
2. Increased Shareholder Participation - The use of remote voting systems increases shareholder participation by allowing them to cast their votes from anywhere in the world.
3. Disruption of Traditional Nationality - The implementation of remote voting systems may have implications for traditional nationality by enabling e-residents to participate in voting without physically being present.
Industry Implications
1. Stock Market - The stock market industry can benefit from remote voting systems powered by blockchain technology, which increases shareholder participation and ensures accurate and tamper-proof vote counting.
2. Financial Technology - The financial technology industry has an opportunity to leverage blockchain technology for remote voting systems, providing secure and transparent voting processes for shareholders.
3. E-government - The e-government industry can explore the implementation of remote voting systems to enhance shareholder participation and potentially disrupt traditional nationality concepts.