Australian Securities Release First Code For Its Replacement App Development

Australian Securities

Australian Securities Release First Code For Its Replacement App Development

Australian Securities

The Australian Securities Exchange (ASX) has released the first code for its replacement app development tool based on blockchain.

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The new platform, called the Customer Development Environment, builds on the exchange’s previous offering, Chess, which will now be retired.

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The initial features, which hinge on distributed-ledger technology, began a rollout at the end of April, with ASX drip-feeding more to users in roughly two-month intervals before the platform is fully live next year.

The scheme is a joint partnership with Digital Asset Holdings, the United States-based DLT firm formerly chaired by Blythe Masters.

Peter Hiom, ASX’s deputy CEO said :“We know our progress is being watched internationally and is an important bellwether for the technology’s adoption,”

“It represents the first time market participants anywhere in the world can experience the benefits of ‘taking a node’ and establishing direct connectivity to a golden source record of real-time data via distributed ledger technology.”

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