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TheBlockchain.Technology - Australia’s stock exchange becomes first to move to blockchain


" Australia’s main stock exchange has announced that it will become the first global market to replace its current clearing system with blockchain technology.

The Australian Securities Exchange (ASX) will replace its current Clearing House Electronic Subregister System (CHESS) with a distributed ledger solution developed by Digital Asset. CHESS is an aging system, introduced in the 1990s, used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia." - Colm Hebblethwaite - Read Full Article

TheBlockchain.Technology is here to stay!

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