Coming straight from Israel in our latest crypto news, the Israel Securities Authority already integrated blockchain technology in the systems in order to send and receive information securely.
Israel’s national security regulator decided to turn to blockchain after implementing a new platform that is now used by the agency so they can communicate with supervised institutions, according to a Jerusalem-based online newspaper.
This new upgrade will add another security layer which will increase the credibility of data that is dispatched to supervised entities. The blockchain will help to easily see the origin of the messages and verify its authenticity and protect them from being tampered. Also, the blockchain will prevent these messages from being edited or deleted. This will make sure that all the institutions receive all messages and can’t deny that they haven’t received one.
The new platform was built in three months by a popular IT company-Taldor.
The director of the Israel Securities Authority stated:
“Implementing blockchain technology in the ISA’s information systems makes it one of the global leading authorities in securing the information provided to the public and its credibility, and one of the leaders in Israel’s public sector.”
Israel is continuously following the trend with the blockchain technology and they are also working on implementing a new online voting system where shareholders can vote online and don’t waste their time on shareholder meetings.
E-voting has already been tested for industries in Estonia and also Abu Dhabi. Both of these countries already use this e-voting system for markets and different industries.
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