Tel-Aviv stock exchange changes to Blockchain for current supply policy – Bitcoints

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Published on May 18th, 2018 | by bitcoin

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Tel-Aviv stock exchange changes to Blockchain for current supply policy

Tel-Aviv stock exchange changes to Blockchain for current supply policyThe Tel Aviv Stock Exchange (TASE) is teaming up with Accenture and The Floor, an Israeli fintech hub, to build a blockchain securities lending (BSL) platform aimed to allow direct lending of all financial instruments.
The BSL will act as a “one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter time-frames, even operating in shorter-term positions,” a press release states.
With the use of distributed ledger technology from blockchain consortium Hyperledger, the platform is designed to reduce costs, increase security and provide more flexible lending activities.
More specifically, the project is built on top of Hyperledger’s Sawtooth platform, with hardware-based Software Guard Extensions security provided by Intel.
Ittai Ben-Zeev, CEO of TASE, said:
“Blockchain technology will present a new level of safety for securities lending and will support growth for transactions based on this new platform.

Source: Www.coindesk.com

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