ASX blockchain move delayed

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ASX Blockchain

The Australian Securities Exchange (ASX) has announced its Blockchain switchover will be delayed by around six months.

Last year the exchange revealed plans to replace its current registry, settlement and clearing systems with blockchain technology by the fourth quarter of 2020.

Now the transition isn’t expected to take place until around March 2021 to allow more time for user development and testing.

The decision comes following a public consultation period on the ASX blockchain move.

“ASX received 41 written submissions from a wide variety of stakeholders, and ASX thanks those organisations for the time and effort taken in preparing their submissions,” said the exchange in a update on its website today.

A summary of the ASX’s responses to the submissions and details of the changes to its scope and implementation plan have been published in a paper which can be downloaded here.

5 smart uses for blockchain technology technology – read the article recently published on Micky here.