ASX Still Believes in Blockchain Technology, but Delays Launch to Q2 2021

[kreslik.news]

The Australian Securities Exchange (ASX) announced today that it has delayed the expected launch of its distributed ledger technology (DLT) network, otherwise known as blockchain, which will replace the decades-old CHESS clearing and settlement system by six months.

The announcement was included in the exchange operator’s response to its public consultation paper regarding its planned transition to a blockchain system. The consultation was originally published in April this year. At the time, ASX expected the new blockchain system would go live by the end of 2020.

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Now, it is not expected to be ... (read more)