Australia 's ASX will be embracing blockchain to process equity transactions , according to a statement made by the exchange . A blockchain - based system will replace the stock exchange 's Glass House Electronic Trading System , which was developed in the 1990s . A date for when the shift to blockchain will take place has not yet been determined . Adopting it will lower costs for clients while also potentially allowing for the development of new trading platform services .
Australia's ASX will be embracing blockchain to process equity transactions, according to a filing made by the exchange. A blockchain-based system will replace the stock exchange's Clearing House Electronic Subregister System, which was developed in the 1990s. 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.