ASX taps Accenture to review delayed delivery of blockchain system

08/03 06:34

The Australian Securities Exchange (ASX) said Tuesday it will again delay the rollout of a blockchain replacement for its aging settlement system by at least two years and has hired IT consulting giant Accenture to review the project’s status. ASX’s CHESS replacement project, designed to supersede its decades-old system for settlements and clearances on its platform, is now expected at least until late 2024, ASX said in a statement. It’s yet another setback for the exchange which has faced several delays spanning at least three years over plans to implement a distributed ledger-based replacement.
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