• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

    Cryptocurrency interest

    Cryptocurrency interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

    Cryptocurrency interest

    Cryptocurrency interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Blockchain News

ASX blockchain clearing system delayed for launching until 2023

Ibiam Wayas by Ibiam Wayas
October 28, 2020
in Blockchain News
2 min read
ASX blockchain clearing system delayed for launching until 2023
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • The Australian Securities Exchange has further delayed the launching of its blockchain clearing system until 2023.
  • The planned blockchain platform is expected to replace the Australian old clearing system, CHESS.

For years now, the Australian Securities Exchange or ASX has been seeking to replace its old clearing system, the CHESS. The Australian bourse operator initially considered launching a blockchain clearing system in mid-2020 as a workable solution. However, further delays were to the project’s launch date. Today, a Reuters report informed that the blockchain platform is now slated for launch in the next three years. 

Australia’s blockchain clearing platform 

According to the information on Wednesday, the launching of the blockchain clearing system is expected to hold in 2023. The Australian bourse operator took the decision after consulting market participants. By pushing back the release dates for the blockchain clearing system, ASX buys more time to advance the platform to ensure it can handle more transactions, as requested by the industry participants.

The Industry demanded a more post-trade processing capacity for the blockchain platform than what was initially contemplated before the coronavirus pandemic erupted. The demand is in response to the surge in trades during the worst times of COVID-19. The ASX admitted to seeing a significant spike in transactions on its platform during the pandemic-led market volatile period in March.

RelatedPosts

Sushiswap contract launches on 5 different networks

Binance Smart Chain unique addresses hit 47.3M ATH

SBI adopts JPMorgan’s Blockchain network for cross-border payments

The U.S. government needs to focus on the digital dollar and blockchain – BRI report

Blockchain adoption

The planned launching of a blockchain clearing system is purported to replace the Australian aging clearing system known as CHESS or the Clearing House Electronic Subregister System. The blockchain platform is expected to enable a more secure and efficient trading environment for the industry participants. ASX is quite confident that the blockchain clearing system will have a competitive advantage over other industry’s behemoths.

Recently, Cryptopolitan reported that popular banks in Argentina are considering a blockchain-based clearing system in collaboration with the country’s central bank (BCRA). The system is also expected to enable a secured environment for settlements amongst the participating banks.

Tags: blockchain and AIblockchain capital
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Sushiswap contract
Blockchain News

Sushiswap contract launches on 5 different networks

March 8, 2021
Binance Smart Chain
News

Binance Smart Chain unique addresses hit 47.3M ATH

March 2, 2021
SBI adopts JPMorgan’s Blockchain network for cross-border payments
Blockchain News

SBI adopts JPMorgan’s Blockchain network for cross-border payments

February 23, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Polkadot price

Polkadot price prediction: DOT to fall to $28

March 8, 2021
XRP

XRP will exist forever – Brad Garlinghouse

March 8, 2021
Uniswap price prediction

Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

March 8, 2021
chainlink(LINK)

Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

March 8, 2021
Dogecoin Price Prediction

Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

March 8, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.