SP1 0.00% $1.07 southern cross payments ltd

It is true that ASX has announced an eventual move to blockchain...

  1. 110 Posts.
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    It is true that ASX has announced an eventual move to blockchain tech (aka distributed ledger).

    https://www2.asx.com.au/markets/clearing-and-settlement-services/chess-replacement/about-chess-replacement

    They didn't technically grill ISX about blockchain technology. They demanded details about any clients in the cryptocurrency space. It's important to mentally seperate "blockchain" from "cryptocurrency". Cryptos are the asset, and the blockchain is just the book the transactions are recorded in. Cryptos operate on a blockchain, but a blockchain can exist without cryptos; it can also just be used as a fairly boring replacement for a traditional ledger. The latter is what ASX seem to be planning, so I don't see any gotchas or hypocrisy here. It's just a general trend.

    JK's ClearPay is also blockchain based of course. This has fuelled theories that ASX saw it as a threat.
 
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