As reported by The Times of Israel, the Israel Securities Authority (ISA) announced Wednesday that the tech had been rolled out initially across its "Yael" platform, which the agency uses to communicate with entities under its jurisdiction.
The Times indicates that the blockchain integration has been developed in recent months by Israeli cybersecurity firm Taldor. By using an immutable blockchain technology, the agency aims to verify the authenticity and provenance of messages, as well as avert fraud by preventing communications from being altered.
The ISA is quoted as saying that the integration provides an extra layer "ensuring the credibility of the information relayed to the supervised bodies."
Going forward, the ISA also aims to integrate blockchain in two other systems – an online shareholder voting platform developed by the ISA and a regulatory document archive called Magna.
Natan Hershkovitz, director of the agency's Information Systems Department, said:
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