ASX Executive General Manager: Long-standing reputation is the competitive advantage of the ASX BaaS market

When the Australian Securities Exchange (ASX) will complete the construction of its blockchain platform in the middle of next year to replace its current CHESS system, the completion of the platform will also mark the commercial business of the ASX as a blockchain service provider Start. "We are entering a very competitive field. This will be the competition between the Australian Securities Exchange and IBM, Microsoft, and other large technology companies that provide blockchain as a service (BaaS)," said Cliff Richards, ASX executive general manager "We believe we can provide better value," Richards said. "The market's long-standing trust in the ASX-believing it won't do 'any sly thing'-will give it a competitive advantage."