Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
I was surprised when word came out on November 20 that the Australian Securities Exchange had selected Tata Consulting Services to run its CHESS replacement project.
Yes, TCS is a big, well-respected company; it has a product that’s in use at other global exchanges; and it has a significant presence in Australia. It’s not necessarily the company itself that stands out. Certainly, ASX choosing Digital Asset in 2017 for the (now failed) first replacement project was much more surprising.
No, it
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