Comment
Author: Admin | 2025-04-28
Blockchain techIn early 2016, ASX made the decision to replace CHESS — the computer system to manage the settlement of share transactions and record shareholdings — first introduced in the mid-1990s. Nearly two years later, it settled on a distributed ledger technology-based (DLT) system.In November 2022 — after five years of work, multiple delays and blowing through $170 million (255 million Australian dollars) — ASX said it “paused” activity on the project after consulting firm Accenture found “significant challenges with the solution design and its ability to meet ASX’s requirements.”Related: Australian federal police to probe 2,000 exploited crypto walletsIt later abandoned its blockchain plans to explore more conventional options.ASIC’s Longo said the replacement project “must be managed effectively and transparently.”“Failure to do so can lead to a lack of confidence in Australia as a market to attract investment,” he added.Magazine: THORChain founder and his plan to ‘vampire attack’ all of DeFi
Add Comment