The Hong Kong stock exchange has turned to blockchain technology to process clearing transactions more efficiently.
According to the statement made by Hong Kong Exchanges and Clearing Limited (HKEX), Stock Connect has become a platform with the introduction of the new platform called Synapse. update took.
Stock Connect, a common market program Connecting markets in mainland China with those in Hong Kong.
Available on the Synapse platform, which will start working next week efficiency The most up-to-date technologies are used to increase
smart contract The platform uses technology, clearing transactions more trustworthy And transparent and post-transaction processes standardize will be used for.
Parties connected to each other via the Synapse platform provide information regarding the exchange transactions made. almost instantly They will be able to get information.
Glenda So, one of the managers of HKEX Group, made the following comment about the new platform developed:
This platform, powered by technology, will not only make post-transaction processes more efficient, but will also enable the establishment of a better, stronger ecosystem over time and support the strategies followed to grow the market and investors.