• Latest
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report

ASX Sees Industry Benefits Arising From Blockchain Upgrade as July Tests Approach

February 14, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

ASX Sees Industry Benefits Arising From Blockchain Upgrade as July Tests Approach

coinnewsdaily by coinnewsdaily
February 14, 2020
in Tech
0
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The chief of the Australian Securities Exchange (ASX) has said the company’s approaching shift to blockchain tech could bring opportunities to the wider securities industry.

In a results call for H1 2020 Thursday, reported by ZDNet, ASX CEO Dominic Stevens said: “We’re very excited about the long term benefits this can bring to clearing and settlement specifically, and to the efficiency of the securities industry in Australia, generally,” Stevens said.

Specifically, Stevens was discussing the ASX’s development of a blockchain-based replacement for its now aging clearing system called CHESS. Work has been ongoing for several years in partnership with U.S. firm Digital Asset (DA), which is working on the blockchain underpinnings of the platform.

According to ZDNet, industry testing is now set for July 2020. DA said that process that is expected to take about a year when it received backing from the ASX in its $35 million in Series C in December 2019.

According to Stevens, the opportunities the digital ledgers bring to securities clearing are “being recognised by customers and third parties and these opportunities are developing in a range of areas including risk management and process automation.”

With ASX taking an early lead when it comes to rebuilding with blockchain, other industry players have been seeking assistance from the bourse, its CEO said. However, while that potentially offers the firm new business options, it’s leaving that option for further down the road as the primary business is “very, very strong.”

Indeed, in its results call, the ASX disclosed an AU$250 million (US$68 million) after-tax profit from revenue of AU$546 million (US$367), as per an earlier ZDNet report.

Aside from its DLT work, ASX is looking at other new technologies to redesign itself for the digital age. “We’re actually transforming our entire technology stack from the operational databases and communications infrastructure we use to the way we deploy distributed ledger, cloud, big data, AI tools,” said Stevens.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments

Next Post

Polychain Capital Is Raising a $200M Crypto Venture Fund, Slide Deck Reveals

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
MakerDAO Proposes New DAI Ceiling After Hitting $100 Million Cap

Polychain Capital Is Raising a $200M Crypto Venture Fund, Slide Deck Reveals

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$22,912.000.08%
  • ethereumEthereum(ETH)$1,631.42-0.20%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$328.910.72%
  • rippleXRP(XRP)$0.395446-1.09%
  • cardanoCardano(ADA)$0.385044-2.28%
  • dogecoinDogecoin(DOGE)$0.090764-2.39%
  • matic-networkPolygon(MATIC)$1.221.50%
  • okbOKB(OKB)$43.94-1.63%
  • solanaSolana(SOL)$23.16-0.81%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.15%
  • polkadotPolkadot(DOT)$6.61-1.98%
  • litecoinLitecoin(LTC)$98.792.19%
  • tronTRON(TRX)$0.0639740.79%
  • daiDai(DAI)$1.00-0.02%
  • cosmosCosmos Hub(ATOM)$14.42-0.13%
  • chainlinkChainlink(LINK)$6.92-1.36%
  • leo-tokenLEO Token(LEO)$3.37-5.81%
  • ethereum-classicEthereum Classic(ETC)$22.40-1.50%
  • moneroMonero(XMR)$166.740.10%
  • bitcoin-cashBitcoin Cash(BCH)$132.74-0.48%
  • stellarStellar(XLM)$0.089537-1.41%
  • crypto-com-chainCronos(CRO)$0.079914-1.72%
  • filecoinFilecoin(FIL)$5.25-0.73%
  • algorandAlgorand(ALGO)$0.2620520.49%
  • vechainVeChain(VET)$0.0241170.49%
  • internet-computerInternet Computer(ICP)$5.56-0.43%
  • aaveAave(AAVE)$86.13-0.12%
  • eosEOS(EOS)$1.07-1.53%
  • elrond-erd-2MultiversX(EGLD)$45.622.31%
  • theta-tokenTheta Network(THETA)$1.132.37%
  • tezosTezos(XTZ)$1.16-1.16%
  • paxos-standardPax Dollar(USDP)$1.00-0.44%
  • havvenSynthetix Network(SNX)$2.8310.87%
  • huobi-tokenHuobi(HT)$5.46-1.03%
  • bitcoin-cash-svBitcoin SV(BSV)$42.53-2.96%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.492.10%
  • dashDash(DASH)$63.281.58%
  • iotaIOTA(MIOTA)$0.240134-3.04%
  • makerMaker(MKR)$714.273.27%
  • neoNEO(NEO)$8.82-0.17%
  • zcashZcash(ZEC)$44.280.77%
  • zilliqaZilliqa(ZIL)$0.0290350.65%
  • basic-attention-tokenBasic Attention(BAT)$0.276051-3.94%
  • nemNEM(XEM)$0.040904-0.42%
  • compound-governance-tokenCompound(COMP)$53.691.99%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$35.43-1.66%
  • bitcoin-goldBitcoin Gold(BTG)$17.03-2.38%
  • qtumQtum(QTUM)$2.82-0.39%
  • sushiSushi(SUSHI)$1.451.29%
  • wavesWaves(WAVES)$2.722.20%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,620.950.19%
  • golemGolem(GLM)$0.248721-4.88%
  • omisegoOMG Network(OMG)$1.66-2.07%
  • ontologyOntology(ONT)$0.229730-1.48%
  • digibyteDigiByte(DGB)$0.0109994.32%
  • umaUMA(UMA)$2.111.46%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%