Shanghai Stock Exchange Center has Completed the Establishment of the Central Blockchain System Project

Abstract : At present, a special working group has been established and the central blockchain system project was initiated.

ChainDD
ChainDD

Jul 23

According to the Securities Times, the Shanghai Stock Exchange Center said on July 22 that it had become one of the five regional equity markets that carry out pilot blockchain construction.

At present, a special working group has been established and the central blockchain system (equity registration and custody) project was initiated. The next step will be to sort out the data and data structure on the chain, as well as promoting the project bidding work.

The Shanghai Stock Exchange Center stated that it would explore the application of blockchain in private equity registration and custody scenarios based on the tamper-proof, traceable, transparent, and sharable characteristics of blockchain technology.

Also, it will build an equity registration business blockchain system, gather online transactions, equity pledge and other transaction and non-transaction information, and transform the information disclosure documents of listed companies into data deposit certificates to further improve the transparency and standardization of the market.

According to the previous report by ChainDD, on July 7, the China Securities Regulatory Commission (CSRC) issued "The Letter Regarding the Approval to 5 Regional Equity Markets Including Beijing, Shanghai, Jiangsu, Zhejiang, and Shenzhen to Carry Out Blockchain Construction Work", which agreed in principle the above five cities' regional equity markets to participate in the pilot work of blockchain construction.

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