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Chile stock exchange taps IBM for blockchain tech

19th May 2017 Church News.

Chile’s Santiago Stock Exchange has teamed up with IBM to introduce blockchain technology to its short selling system for securities lending. Blockchain works as an immutable ledger that records transactions, allowing secure information exchange. Built by IBM and Chile’s Santiago Stock Exchange, the solution is designed to help reduce errors, possible fraud, and processing time for each transaction, while also improving transaction management and lowering costs.