Russia’s central securities depository uses Nxt for blockchain voting

  • The National Settlement Depository (NSD), Russia’s central securities depository, has developed and successfully tested an e-proxy voting system running on a distributed ledger built with Nxt blockchain.

    The NSD, a member of the Moscow Exchange, is a Russian nonbanking credit organization, Russia’s central depository and a professional securities market player. The organization provides depository, banking settlement and relevant services to market players.

    Mike Rymanov, founder and CEO of DSX Technologies, said the NSD choses Nxt above Bitcoin and Ethereum after careful consideration. Here’s the reason why Bitcoin and Ethereum weren’t a good solution.