The Australian Securities Exchange (ASX) has scrapped its long-delayed blockchain upgrade to its outdated Clearing House Electronic Subregister System (CHESS). In a statement released on Thursday, ASX stated that the decision was made considering the solution’s unpredictability and that there would be a penalty of AUD $250 million ($168 million). Australian Securities Exchange Choose Digital Asset Holdings According to research by the consulting firm Accenture, there are critical problems with the blockchain system’s structure, including a lack of clarity around how ASX requirements would connect with the program and underlying ledger. The statement brings to an end a lengthy and The post Australian Securities Exchange Drops Blockchain-Based Clearing System appeared first on Cryptoknowmics-Crypto News and Media Platform .
