Sharing Ideas that Do Good


Search by topic:


ASX first to use blockchain for share trading

post-image
The Australian Stock Exchange (ASX) will be the first to use a blockchain-based system to record who owns shares of listed companies, and to keep track of transactions and settlements when people buy and sell shares. The ASX?s blockchain will greatly simplify this process. Instead of having to reconcile trades against a centralised database, the verification of ownership and settling of accounts can be done directly between participants (as is done with Bitcoin trades). This is much simpler, faster and more secure. A startup, Digital Asset Holdings, will supply the technology. www.asx.com.au/documents/asx-news/ASX-Selects-DLT-to-Replace-CHESS-Media-Release-7December2017.pdf?


What do you think?


You must be logged in to post a comment.
Comments

Related Posts

Startup

post-image

Transparent wood - a product with many opportunities
6 February 2024 by Jonathan Chri... 0 Comments

Startup

post-image

Ferrari - an old manufacturer in a new sport (sailing)
26 January 2024 by Jonathan Chri... 0 Comments

Startup

post-image

AI Water Safety Platform Prevents Drownings Before They Happen
22 January 2024 by Jeremy Ungar 0 Comments
 

Why support us financially?

"Great ideas, research and innovation can come from anyone – so often the best ideas do not have a voice. IdeaSpies provides a platform for people to share ideas that create a better world"
David Thodey AO, Patron