BBC: Australian stock exchange to move to blockchain

Posted by Digital Asset on Dec 11, 2017 2:40:21 PM

Australia's main stock exchange has said it will become the first global market to use the technology behind Bitcoin to clear and settle trades.

The Australian Securities Exchange (ASX) will replace its current clearing system with blockchain technology.

The new system has been in development and testing for more than two years and aims to cut the cost of transactions, and make them faster and more secure.

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Topics: ASX

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