Australia’s Biggest Stock Exchange is Taking a ‘Close Look’ at Blockchain Technology

The Australian Securities Exchange (ASX) is reportedly considering whether to use Blockchain technology to manage trade risk.

According to the Financial Times, ASX CEO Elmer Funke Kupper said in a recent interview that the exchange, Australia’s largest, is considering an application of the Blockchain as it explores how to go about improving its trading systems.

Funke Kupper told the publication:

“We’re having a very close look at this. The timing is almost perfect. Where Blockchain can make an enormous difference, we’re having a look at whether this is a way to transform our equity markets.”

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