IBM and Chile’s Santiago Stock Exchange to Deliver World’s First Securities Lending Blockchain Solution

  • SANTIAGO, Chile, May 17, 2017 /PRNewswire/ — IBM (NYSE: IBM) and Chile’s Santiago Stock Exchange, the largest in the country, today announced a partnership to introduce blockchain technology across the country’s financial sector.
  • The agreement makes the Santiago Stock Exchange the first stock market in Latin America to apply IBM Blockchain technology within its short selling system for securities lending.
  • Built by IBM and Chile’s Santiago Stock Exchange, the solution is designed to help reduce errors, possible fraud, and processing time for each transaction, while also improving transaction management and lowering costs.
  • IBM Chile General Manager, Francisco Thiermann, highlighted the fact that the Santiago Stock Exchange is the first stock exchange in Latin America to implement a securities lending blockchain solution.
  • About Santiago Stock Exchange

    For more information about Santiago Stock Exchange, visit www.bolsadesantiago.com

    About IBM

    IBM is the leader in open-source blockchain solutions built for the enterprise.

SANTIAGO, Chile, May 17, 2017 /PRNewswire/ — IBM (NYSE: IBM) and Chile’s Santiago Stock Exchange, the largest in the country, today announced a partnership to introduce blockchain technology across the country’s financial sector. The agreement makes the Santiago Stock Exchange the first stock
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