ASX Abandons Blockchain-Based Software Overhaul for Stock Market Operations

05/21 23:40

ASX, Australia's stock market operator, has announced that it will not use blockchain-based technology for its software overhaul, marking a significant repudiation of the once-hyped concept. ASX had previously paused the rebuild of its trading, settlement and clearing software based on decentralised computing after an external review found it needed to be largely reworked.

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