Despite being lauded for its potential to revolutionise the financial ecosystem, concerns remain over the energy use of blockchain after widespread reports of its impact on the environment.
Blythe Masters believes internal benefits of blockchain technology might be being overlooked.
The decision comes after industry feedback raised concerns on the ASX’s timeline to implement the technology.
Custodians stand to benefit from using the technology for new revenue-generating products around data services.
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
The project could serve as the basis for other market infrastructures to revamp their post-trade systems using the technology.
Former JP Morgan exec to join Digital Asset as a senior product manager in the company's Sydney office.
After two years of development and testing, the ASX will replace CHESS with blockchain technology.