Dec 07 2017, 4:30 AMDec 09 2017, 4:51 AMDecember 07 2017, 4:30 AMDecember 09 2017, 4:51 AM
Australia's ASX will be embracing blockchain to process equity transactions, according to a filing made by the exchange. The Australian Securities and Investments Commission (ASIC) has approved an application from financial services company Blockchain Capital for approval of its own version of distributed ledger technology. A date for when the shift to blockchain will take place has not yet been determined. Adopting blockchain will lower costs for clients while also potentially allowing for the development of new trading data services.