Sharing ideas that do good

ASX first to use blockchain for share trading

post-image
The Australian Stock Exchange (ASX) will be the first to use a blockchain-based system to record who owns shares of listed companies, and to keep track of transactions and settlements when people buy and sell shares. The ASX?s blockchain will greatly simplify this process. Instead of having to reconcile trades against a centralised database, the verification of ownership and settling of accounts can be done directly between participants (as is done with Bitcoin trades). This is much simpler, faster and more secure. A startup, Digital Asset Holdings, will supply the technology. www.asx.com.au/documents/asx-news/ASX-Selects-DLT-to-Replace-CHESS-Media-Release-7December2017.pdf?
What do you think?

You must be logged in to post a comment.
Comments
Generic placeholder image

By idea-2

28 January 2018

 
3 Like


Related Posts

Startup

post-image

IDA Ireland | Research & Development
10 April 2021 by Maria MacNama... 0 Comments
 
1 Like

Startup

post-image

Gamification in Corporate Training
9 April 2021 by Bradley Delam... 0 Comments
 
3 Like

Startup

post-image

Launch Your Business
9 April 2021 by Madeline Cunn... 0 Comments
 
3 Like