What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
The Australian Securities Exchange (ASX) has recently made a name for itself for its ambitious plan to replace its Chess equities clearing and settlement system with a distributed ledger technology (DLT) platform developed by Digital Asset. But since that decision, the exchange has needed to delay its original go-live implementation timeline multiple times. After conducting a re-planning, re-sizing, and review of the project, ASX now aims to have Chess go-live in April 2023. The new timeline
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