Seclending blockchain enters pilot phase at Tel Aviv bourse

The Tel Aviv Stock Exchange confirmed that development of its seclending blockchain is continuing after the proof-of-concept phase met its designated goals. It’s now starting the pilot stage, expected to last several months.

The PoC goals were largely technological and aimed at verifying that the new technology is able to fulfill requirements; among the issues examined was the technology’s ability to perform the end-to-end business process, a spokeswoman explained. Since the goals were technological in scope, there was no need to involve any partners.

The goal of the pilot phase, she added, is to test the operation of the system with at least one partner, after which the system will be extended to all the clearing members and their clients.

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