ADX and FinTech Collaboration to use New Innovations such as Blockchain Technology
Abu Dhabi Securities Exchange has collaborated with Equichain, a UK financial technology organization that offers blockchain innovation administrations to the capital markets.
Equichain will use a unique approach to request an ADX to use new innovations such as blockchain. With this, they can expand the operational efficiency of the operation in terms of speed of change and security.
Rashed Al Blooshi, Executive director of ADX, said: “The open exchange with Equichain and members of the working group will allow us to identify and test new applications of blockchain technology, aiming to enhance the speed and security of capital market transactions to the benefit of our investors and stakeholders.”
Equichain believes that Blockchain could help move forward and simplify the business cycle as it increases the efficiency of the exchange processes.
Nicholas Bone, CEO of Equichain said:
“This partnership will further our efforts towards establishing a more streamlined capital markets environment for investors, providing greater efficiency, reduced risk and lower cost.”
ADX will join the second meeting with Fintech and other service industry leaders. ADX and other assembled departments work together to share their learning about the use of blockchain improvement in the business.
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