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Briefing
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- Blockchain Securities Trading Platform – Australian Securities Exchange (ASX) to become first stock exchange that switches to blockchain ledger, Decentralized Ledger Technology (DLT), as means of recording data and verifying trade transactions
- CHESS – Outdated recording system, Clearing House Electronic Subregister System, developed in 1990, used to keep track of shareholdings and equity transactions
- DLT Benefits – Makes transactions cheaper, quicker, easier, and more secure
- Full-Scale Launch – After several testing since September 2016, DLT will launch in March 2018
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services, Information Technology
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Organization
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Australian Securities Exchange (ASX), Digital Asset Holdings LLC
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Source
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"ASX selects distributed ledger technology to replace CHESS,"
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Pollitt, E., "ASX switches to blockchain",
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Caughill, P., "Australia’s stock exchange is the first to use blockchain tech",
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McLean, A., "ASX chooses blockchain for CHESS replacement system",
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AcceleratingBiz analysis
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Original Publication Date
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December 7, 2017
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