Australian Securities Exchange Delays Planned Switch to Blockchain by Six Months

The Australian Securities Exchange (ASX) has announced that it will delay its transition to use blockchain for equity transactions by six months, the Sydney Morning Herald reports September 4.

As Cointelegraph has previously reported, the ASX has been working to implement blockchain as of December 2017 to replace its current system for processing equity transactions.

According to the Sydney Morning Herald, the decision to delay the move comes as the exchange plans to devote more time to user development and testing. The launch date for the switchover has now been moved from the fourth quarter of 2020 to March-April…