The Tel Aviv Stock Exchange (TASE) is working with Accenture and The Floor, an Israeli fintech center, to build a blockchain securities lending platform (BSL), which aims to help users use financial instruments to directly conduct lending transactions.
The Tel Aviv Stock Exchange (TASE) is working with Accenture and The Floor, an Israeli fintech center, to build a blockchain securities lending platform (BSL), which aims to help users use financial instruments to directly conduct lending transactions.
According to a press release issued by the Tel Aviv Stock Exchange, the blockchain-based securities lending platform will serve as a one-stop service platform for all securities lending activities, allowing users to obtain more securities in less time Short-term operation.
It is reported that the project is developed based on the hyperledger Sawtooth platform and also uses the Software Guard Extensions security software provided by Intel. Using Hyperledgers distributed ledger technology, the Tel Aviv Stock Exchange hopes to further reduce the cost of securities lending while increasing the security and flexibility of lending activities.
Ittai Ben-Zeev, CEO of Tel Aviv Stock Exchange, said:
Blockchain technology will bring a whole new level of security to securities lending, and at the same time, blockchain technology can also support the growth of securities platform transactions. There is no doubt that the Tel Aviv Stock Exchange is more than ever eager to become a leader in global financial innovation. By.
For those listed companies on the Tel Aviv Stock Exchange, they also agree that blockchain technology can improve the privacy of system user data. In addition, the smart contract function can effectively support P2P transactions, and the security of immutable ledgers will also be greatly improved.
It is worth mentioning that Accenture, a world-renowned consulting company, also participated in the project. At present, its role is mainly dedicated to the development of platform smart contracts and providing other support services for the blockchain securities lending platform, including project management and system integration. , Network Security Consulting, etc.
Jacob Benadiba, managing director of Accenture Israel, said:
