Luxembourg Stock Exchange introduces blockchain into reporting service
Decentralised public blockchain Ethereum will provide "digital signature" on all documents publicly disclosed by issuers. New functionality will enhance security for issuers and transparency of LuxSE's certification service
The Luxembourg Stock Exchange (LuxSE) allows issuers, or their representatives, to file documents containing regulated information via an Officially Appointed Mechanism (OAM). These documents are centrally archived and accessible to the general public on the LuxSE website.
LuxSE has now added an extra layer of security into the certification process with the introduction of a ‘digital signature’ using Ethereum’s blockchain technology. This new functionality is already active and available with no supplementary fees.
Commenting on the new service, Bernard Simon, Chief Information Officer at LuxSE, said: “Blockchain certification is an effective way to record the proof of existence of a document. Its continuous revalidation process makes it virtually impossible to spoof.”
Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM.
Mr. Bernard Simon added: “By combining the security benefits of the blockchain with the electronic signature of the certification authority, LuxSE is able to create a highly secure and reliable decentralised infrastructure to store information relating to the “proof of existence” of such documents indefinitely.”
For more information about the use of blockchain in our OAM service, read the Frequently Asked Questions section on our website.
Communiqués liés
Drees & Sommer lauréat du Vision Zero Award
Drees & Sommer, société leader dans le conseil et la réalisation de projets d...
PwC Luxembourg welcomes New Head of Human Resources, Delphin...
PwC Luxembourg is delighted to welcome its new Head of Human Resources, Delphine...
BESIX RED relève les défis de 2023 grâce à l’unité e...
Malgré les défis sans précédent auquel le marché immobilier a fait face tou...
ION-owned LIST connects FastTrade electronic trading system ...
LIST, an ION company, today announces that it has successfully completed the cer...
Nomination de Benoît Piccart en tant que Head of Corporate ...
Après plus de 30 années chez Baloise, Marc Folmer, Directeur de la Gouvernance...
Votre monde, votre langue, votre assurance : l'Intelligence ...
AXA Luxembourg lance une initiative invitant les habitants et futurs habitants d...
Il n'y a aucun résultat pour votre recherche