[LINK] itN: 'ASX says software overhaul won't involve blockchain'

[Roger Clarke]

[ The bubble-burst has been agonisingly long delayed.

[ My critique was:  Deconstructing Blockchain (Feb 2016, rev. Sep 2016)
http://www.rogerclarke.com/EC/BCD.html

[ And here are Stephen Wilson's posts and article:
https://lockstep.com.au/library/blockchain/ (from Feb 2016 onwards)
Blockchain really only does one thing well (Jul 2016)
https://theconversation.com/blockchain-really-only-does-one-thing-well-62668

[ If only ASX had read our Feb 2016 documents before they started their 
ill-fated waste of shareholders' money a few months later ... ]


ASX says software overhaul won't involve blockchain
As CHESS replacement takes shape.
Byron Kaye
itNews
May 22 2023
https://www.itnews.com.au/news/asx-says-software-overhaul-wont-involve-blockchain-596063

Australia's stock market operator said it will no longer attempt to 
rebuild its software platform with blockchain-based technology, one of 
the highest-profile repudiations of the once-feted concept best known 
for powering cryptocurrency.

ASX frustrated market participants in November by "pausing" a rebuild of 
its all-in-one trading, settlement and clearing software based on the 
decentralised computing concept, after an external review found it had 
to be largely reworked after seven years of development.

The company has since said it is considering options for another attempt 
at the rebuild of the 30-year-old software ...

...

The statement signals the end of what was to be one of the world's most 
prominent use cases of the concept that promises to accelerate online 
transactions by processing them securely in multiple locations.

...

-- 
Roger Clarke                            mailto:Roger.Clarke at xamax.com.au
T: +61 2 6288 6916   http://www.xamax.com.au  http://www.rogerclarke.com

Xamax Consultancy Pty Ltd      78 Sidaway St, Chapman ACT 2611 AUSTRALIA 

Visiting Professor in the Faculty of Law            University of N.S.W.
Visiting Professor in Computer Science    Australian National University