<p>South Korean Web3 technology company Fair Square Lab <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;220458" rel="noopener noreferrer nofollow">announced</a> on Friday that it is in the process of developing a blockchain-based platform for holding electronic shareholder general meetings. The firm said that it has applied for two patents for technologies related to blockchain-based electronic shareholder meetings. One is related to their operation methods and systems, and the other is associated with the utilization of voting rights tokens.</p><h2 id="header-0">Empowering shareholders</h2><p>In shareholder general meetings, many minority shareholders are often unable to attend in person, thereby finding it difficult to effectively exercise their opinions or rights during the decision-making process of a company. Fair Square Lab’s pending patents aim to address this issue by enabling more shareholders to easily participate in shareholder meetings through an electronic medium. Utilizing blockchain technology would also ensure the integrity and security of voting processes.</p><h2 id="header-1">Fair Square Lab’s growing portfolio</h2><p>With this latest development, Fair Square Lab is now poised to possess a total of eight blockchain-related patents. Its other patents encompass areas like managing wallets in the blockchain network, generating wallet addresses for security token platforms, and preventing erroneous transfers of security tokens on a blockchain network. The company said that it is continuously working to secure intellectual property rights for its blockchain business, including design patents and its own trademark.</p><p>“We have been consistently striving to secure intellectual property rights by linking research and development with the core blockchain technologies that we have accumulated over the years. We plan to obtain a total of 12 core technology patents by the end of this year,” said Jake Kim, CEO of Fair Square Lab.</p>

Fair Square Lab to Develop Blockchain-Based Shareholder Meeting Platform

Table of Contents

CoinNess Global

Other articles published on Oct 27, 2023

Binance CEO Changpeng Zhao Sees $12 Billion Decline in Net Worth

Q3 saw 85% of cryptocurrency rug pulls without audit reports: Hacken

Hester Peirce objects to SEC’s handling of LBRY case

Ethereum is Facing Crucial Support, Will the ETH Price Hold Above $1750?

Solana Incubator Program To Offer Necessary Assistance in Web3

Anti-CZ and Binance critic Adam Cochran, caught up in a feared Cipher rug pull

Join our free newsletter for daily crypto updates!