TASE, or Tel Aviv Stock Exchange, has developed the first in its kind lending platform based on the blockchain technology. The platform was completed in collaboration with the leading local and international IT firms and providers.
There shall be created a unified platform, under the name Blockchain Securities Lending, and it is meant to bring the lending market of Israel to a new level. The platform will allow performing absolutely all operations with stock lending of all major financial instruments.
The attractive sides of the blockchain, with which the company is going to profit, are peer-to-peer transactions, smart contracts and enhanced security. The transaction data will be encrypted by technologies developed by Intel. The blockchain can transform business processes, and this is one more proof of that.