Australian securities exchange blockchain

australian securities exchange blockchain

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The leader in news and identified "significant challenges" with the australian securities exchange blockchain the future of money, system, such as uncertainty over how ASX requirements interact with the application and underlying ledger by a strict set of.

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Information relating to the announcement that CHESS would be replaced with distributed ledger technology developed by Digital Asset is available on the ASX. Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology. Australia is set to be the first securities exchange to switch to blockchain technology. Other exchanges are also experimenting with similar transitions.
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The implementation of the tech will help to make clearing and settling transactions less expensive, easier, and faster by removing the third-party middleman that banks currently have to go through. Broader topics APAC. Jamie Crawley is a CoinDesk news reporter based in London.