Australian Stock Exchange to Roll Out Blockchain Settlements in 2021-1.19

According to the announcement made by Australia’s leading stock exchange operator, ASX Ltd., it is now ready to replace the Clearing House Electronic Subregister System (CHESS) that it has been using over the years with a new system powered by a digitized, decentralized and distributed ledger technology.

While blockchain will be replaced with a new system in 2021 in the framework of the company’s upgrade, ASX Ltd.’s deputy chief executive officer, Peter Hiom, refuses to admit that this new initiative is a radically different approach.

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