Abu Dhabi Securities Exchange (ADX) was honored with the ITP .Gov Award 2017 for applying Blockchain technology for eVoting services. The award was conferred in a ceremony held in the Rosewood Hotel in Abu Dhabi on 27th March.
ADX launched Blockchain for e-Voting services during GITEX 2016 exhibition that took place in Dubai last year. The launch is considered the first of its kind for the MENA region financial markets as it employs the latest innovations in the 21st century – associated with the 4th industrial revolution.
ADX Blockchain eVoting Service will allow the concerned parties to directly connect and monitor voting in any Annual General Meeting (AGM). This digital service will save time, cost, and effort. It will also add to the vitality of the AGMs through high attendance and interaction with the decisions. It is considered an effective way to interrelate via safe internet connections from anywhere in the world. ADX Blockchain eVoting Service will enable a company’s shareholder to access reports and statements relevant to the AGM, whether for candidates for the Board or quorum for voting - among other decisions and other information by means of their smart devices.
On this occasion, ADX Chief Executive, Rashed Al Blooshi said: “Blockchain is a giant step in digital performance that’s being part of the institutional effort of Abu Dhabi e-Government. The award reflects an appreciation for ADX’s transformation to join the digital era, as well as achieving our goals in attracting regional and international investments – part of Abu Dhabi Economic Vision 2030”
“This award also reflects the added value of innovation in national economy and sustainable development, which enabled the Exchange to become a member of the global emerging markets,” Al Blooshi added
ADX Chief Executive reiterated: “Adopting Blockchain technology in our projects comes in alignment with the digital transformation of Abu Dhabi’s government services as we constantly strive to introduce new ways that ease the process of doing business in the Emirate as well as attempt to improve and facilitate services and processes as part of ADX commitment to Abu Dhabi Plan.”
“I would to thank all of our employees for their part in helping us earn this recognition. This award would be impossible without their hard work and dedication. This award will certainly motivate us to continue to strive for excellence and deliver more innovative initiatives. ” Added Al Blooshi
