“ASX remains absolutely committed to DLT and our partnership with Digital Asset,” he said. “Our CHESS replacement program is on track and moving ahead at pace. We are working closely with DA at all levels on development, implementation and customer readiness for the replacement system, and we look forward to continuing this work with AG Gangadhar and the DA team.”
“We are excited about the future and believe the potential benefits of DLT to drive efficiency and stimulate innovation are profound. In concert with DA and our customers, we remain on track to bring DLT to market by early 2021.”
Ms Blythe, a former high-profile investment banker at JP Morgan, joined as CEO of Digital Asset in 2015, and immediately raised the profile of enterprise blockchain. She was soon featured on the cover of Bloomberg Business Week, and traversed the globe doing various events and presentations, touting the technology’s potential. This included many visits to Sydney, most recently for the Sibos conference, which featured a demo of the ASX blockchain.
Under her leadership, Digital Asset grew from around six staff to 200 and is now considered one of the leading developers of enterprise blockchain, alongside R3 Corda, JP Morgan’s Quorum and Hyperledger. By synchronising the record of equities ownership and allowing market participants to rely on a single version of the truth, ASX believes the technology will allow brokers and listed companies to create new services on top of the data while also making the reconciliation process more efficient.
from Viral up Blog https://ift.tt/2S7zDbd
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