ASX, which operates the Australian Securities Exchange, has signed a memorandum of understanding (MoU) with Digital Asset and VMware to work together on initiatives based around blockchain-style distributed ledger technology (DLT).
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Implementing the blockchain-inspired system is not the end game. It is just the beginning says CIO.
ASX Limited, the operator of the Australian Securities Exchange, has released new details of the system inspired by Bitcoin’s blockchain technology that will replace CHESS: The Clearing House Electronic Subregister System.
The ASX intends to replace its decades-old Clearing House Electronic Subregister System (CHESS) with blockchain-inspired distributed ledger technology (DLT) developed by US fintech software firm Digital Asset.