Banco Santander and Broadridge Complete First Practical Use of Blockchain for Investor Voting

Santander and Broadridge, in collaboration with J.P. Morgan and Northern Trust as custodian banks, conducted the test pilot on March 23, 2018 for Banco Santander’s annual general meeting (AGM). The pilot was run in parallel to Santander’s AGM, with blockchain used to produce a “shadow” digital register of the proxy voting taking place using the conventional voting model.