Chief executive officer of Broadridge, Rich Daly, said in the interview with Bloomberg that blockchain technology will enable higher levels of transparency and confidence to anyone.
Broadridge is an American fintech company with over $4 billion in revenues which helps with enriching client engagement, navigating risk, optimizing efficiency and generating revenue growth. The company also manages the end-to-end proxy voting process across all distribution from project regulating, mailing and solicitation to voting tabulation.
Daly said:
“Blockchain is a terrific technology. It will enable higher levels of transparency and higher levels of confidence to all participants in the process.”
The CEO of Broadridge also noted that the company has already already used the technology twice internationally with Banco Santander, J.P. Morgan and Northern Trust. In addition, Daly highlighted that blockchain adoption won’t be overnight, though in the future almost everyone would be on the distributed technology platform.
It’s worth mentioning, that Broadridge has been keeping on eye on blockchain for a long time.
On May 10, 2018, Broadridge Financial Solutions won a patent in which is described the implementation of blockchain tech to proxy voting.
Earlier, at the 2018 annual customer conference in Las Vegas, Autodesk CEO, Andrew Anagnost, said that the company was examining to use blockchain, but it has “no a point of view” at the moment. Anagnost believes that blockchain may solve corruption which happens everywhere, all the time and at any stage of production.
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