Aussie Conventional Exchange To Implement Blockchain

News
Thu, 10/25/2018 - 09:37
Yuri Molchan
The largest local stock exchange in Australia is to introduce Blockchain for settlements. It intends to switch to the DLT to improve the present system
Cover image via U.Today

 

Speaking about Australia, Bloomberg spreads word that the largest local stock exchange is to introduce Blockchain for settlements. For a very long time, it has been utilizing the Clearing House Electronic Subregister System, but now it intends to switch to the DLT to improve the present system.

Nevertheless, the CEO Peter Hiom does not reckon Blockchain to be outstanding or to be the way to transform the future. Thus, the exchange does not want any hype around the process.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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