Coindesk: ASX calls for review of distributed ledger settlement platform

The Australian Securities Exchange (ASX) will soon have to decide if it’s going to become the first global stock exchange with a distributed ledger settlement system, or if it will pursue a more traditional upgrade.

As revealed in an analyst and media briefing just hours ago, while progress toward a self-imposed December deadline for that very decision is still on schedule, considerations remain. Before adopting a distributed ledger system, deputy CEO Peter Hiom said ASX now intends to commission a review of the technology, “in particular the cryptographic features of the platform.”

Speaking during a review of the exchange’s financial results for fiscal year 2017, Hiom said information from tests by an unnamed third party would be used to determine if blockchain technology is ready for one of the largest exchanges in the world.

For the full text of the article, click here.

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