ASX Calls for Review of Distributed Ledger Settlement Platform !!!

Australia's Securities Exchange (ASX) will soon decide if it can be the first global stock exchange with a disputed account settlement system, or it will do more traditional upgrades.

As an analyst and media briefing published just a few hours ago, when that decision for a very self-imposed decision on the December timeline has remained in consideration, yet on schedule. Prior to receiving a controversial lever system, Deputy CEO Peter Hym said that ASX now wants to commission a technology review, "especially the platform's cryptographic features."

Hit by reviewing the financial results of the exchange in the financial year of 2017, Hit said, an anonymous third party testing information will be used to determine whether the blockcan technology is ready for the world's largest exchanges.

He said:

"We need to be able to test the solution of the enterprise-grade business and the solution to meet the technical requirements of compilation, speed, consistency and security."

The update is the latest version of a long line from January 2016, when ASX began working with the portfolio firm Digital Asset Holdings for the first time to see if its distributed odd platform could meet the commercial settlement demand for the exchange.

Decreasing the preferred features listed by Hyam and ASX chief executive Dominic Stevens, new and more easily replicable products are created, which can be seen on most of the data created by the share, distribution of shares in a shared account.

Heim said "satisfying" in the speech of yesterday's progress in these roads, when Stevens described the work as possible future value for exchange.

"The more we investigate, we see the potential for a broad range of applications," he said.

Plan

If ASX selects the technology of digital asset, new system opportunities are expected to be available for "market advice" in March - but it is certainly not sure.

Stevens is not saying that another alternative option is being actively considered, responding to a question from the audience, he said that if the digital property technology is not considered suitable, the exchange was open for other traditional solutions.

Stevens said, "We will respond to software providers that we can provide services through clearing."

He concludes:

"If we do not go that way, there will be another way to go down and we have a very rich book of information."