TSE Communications manager Ott Raidla said that the blockchain-technology is seen in the financial world as the next potential breakthrough developing the market and, therefore, companies of many spheres are experimenting with it.

"Since Nasdaq in the global sense is now largely a technology company, then developing solutions based on blockchain as a technology with great potential is a priority in Nasdaq's product development too," he said.

Nasdaq's manager Bob Greifeld said last week in London that testing of blockchain technology starts in Estonia, because it is a forward-looking country.

Raidla said that at the initiative of Nasdaq's Tallinn unit and with the support of Nasdaq group technologists, they are really starting to develop the so-called proxy voting technology, but the process is still at a very early stage, and it is therefore too early to speak about real testing.





"The reasons why this project is handled from Tallinn are simple: first, the Tallinn Stock Exchange has about 15 years of experience in organizing corporate shareholders general meetings, secondly, Estonia is in IT services use and integration with various areas ahead of many Western countries," said Raidla.