Russian Depository Tests Blockchain for Voting

Open-source project built to assess automation in corporate actions processing

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Sergey Putyatinskiy, Head of IT, National Settlements Depository

The National Settlement Depository (NSD), Russia's central securities depository, says it has developed and tested an e-proxy voting system running on a distributed ledger, or blockchain.

Increased interest in using blockchain technology for financial services inspired the NSD to look into how the technology might be applied to various areas of its business about a year ago, Sergey Putyatinskiy, IT director at the NSD, tells Inside Reference Data.

The NSD is currently undergoing a major revamp

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