The Australian Securities Exchange (ASX) has released the first code for its replacement app development tool based on blockchain, the company confirmed in a press release on May 7. He continued:
“It represents the first time market participants anywhere in the world can experience the benefits of ‘taking a node’ and establishing direct connectivity to a golden source record of real-time data via distributed ledger technology.”
Chess, developed in the 1990s, forms critical infrastructure for ASX, which uses it to handle operations such as clearing, settlement and asset registration.
In addition to DLT, the new CDE will also make use of smart contracts via DAML, an open source language developed by Digital Asset.
“With the delivery of the CDE, ASX customers get their first glimpse of what the new CHESS system can provide,” Digital Asset’s new chief executive, Yuval Rooz, added.