The secure, decentralized nature of blockchain technology presents countless applications outside of cryptocurrency, as one European bank proved in a historic first at its last annual investor meeting. Investors at future meetings could wait seconds instead of weeks to see their votes counted and confirmed.
‘Practical’ and ‘Instant’
Investors at the Madrid-based Santander bank cast their votes using blockchain at their annual general meeting (AGM) late last month, the bank announced today. Santander hailed the test as the “first practical use of blockchain for investor voting.”