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ASX had previous plans to upgrade their existing Clearing House Electronic Subregister System, known as Chess, which they have been using since the 1990s. However, according to Hiom, blockchain would be able to offer lower costs to clients and would allow for the launch of innovative services from the real-time post-trade data
After so much hype surrounding distributed ledger technology, today's announcement delivers the first meaningful proof that the technology can live up to its potential.
No launch date has been provided for this new venture, but it could be as soon as March next year.
Author : Jack Dean
source article : https://bitconnect.co/bitcoin-news/864/asx-jumps-on-board-the-blockchain-train/