Friday, Oct 21, 2016

Dubai

Chief Executive of Abu Dhabi Securities Exchange (ADX), Rashed Al Blooshi, expressed his pride in the positive impression left by ADX launching Blockchain technology for AGM meetings & eVoting service during GITEX2016 in Dubai.

“The visitors had the chance to witness the diversity of our digital services at GITEX2016. ADX digital transformation supports the strategic objectives of the Abu Dhabi Plan in creating a business environment that is both competitive and flexible through focusing on the digital transformation Abu Dhabi is witnessing.”

ADX has launched a number of 21st century innovations connected to the fourth industrial revolution at GITEX2016, including Blockchain technology for AGM meetings & eVoting service.

Visitors to ADX stand were introduced to the Exchange’s Blockchain eVoting application, the first of its kind for a financial market in MENA region, which utilises the technologies of the Internet, Smart Phones, and real-time Bio-metric Identity Verification to provide a ‘bulletproof’ eVoting Management Solution. This digital service will save time, costs and efforts and will add to the dynamism of the AGMs through high attendance and interaction with the decisions. It is also considered an effective way to interact via safe internet from anywhere in the world, that is by extracting investors’ data in the country and its UAE ID and biometrics electronically.

Utilising Blockchain technology is a reflection of our commitment in supporting Abu Dhabi’s government for its digital transformation and building a sustainable digital database to bring new business solutions in the Emirate — all in compliance with Abu Dhabi Economic Vision 2030 and the comprehensive development process in the Abu Dhabi,” ADX Chief Executive added

Meanwhile the visitors also had the opportunity to learn about ADX wearable smart watch, one of ADX’s noteworthy digital application at GITEX2016. The ADX smart wearable watch application has evolved to become a benchmark against regional and international smart applications for financial exchanges. The new smart wearable watch application allows users to view market overview, detailed symbol quotes, watch list, market news, and finally top gainers and losers.

The Sahmi Kiosk and the wearable smart watch are complementing the digital applications of ADX that aim to make investment easier through the current digital culture.

The wearable smart watch also allows users to get connected with Apple smart watch, which makes it friendly to modern technology serving investors locally and internationally.

“Our system of innovations came only two years after being upgraded as an emerging market by Morgan Stanley MSCI Index, which reflect our institutional methodology for sustainable and efficient development,” said Al Blooshi.

Siddesh Suresh Mayenkar

Gulf News 2016. All rights reserved.