The Luxembourg Stock Exchange (LuxSE) allows issuers, or their representatives, to file documents containing regulated information via an Officially Appointed Mechanism (OAM); these documents are centrally archived and accessible to the general public on the LuxSE website.
LuxSE has now added an extra layer of security into the certification process with the introduction of a ‘digital signature’ using Ethereum’s blockchain technology. This new functionality is already active and available with no supplementary fees.
Commenting on the new service, Bernard Simon, Chief Information Officer at LuxSE, said “Blockchain certification is an effective way to record the proof of existence of a document. Its continuous revalidation process makes it virtually impossible to spoof.”
Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM.
Mr. Bernard Simon added “By combining the security benefits of the blockchain with the electronic signature of the certification authority, LuxSE is able to create a highly secure and reliable decentralised infrastructure to store information relating to the “proof of existence” of such documents indefinitely.”
