🧵 1/3: The Australian Stock Exchange (ASX) has abandoned plans to rebuild its software using blockchain technology after seven years of development. #business
🧵 1/3: The Australian Stock Exchange (ASX) has abandoned plans to rebuild its software using blockchain technology after seven years of development. #business
🧵 2/3: The ASX will explore alternatives for a new attempt to rebuild its 30-year-old software, likely using more conventional options.
🧵 3/3: ASX's decision marks a significant rejection of blockchain's once-celebrated concept aimed at expediting online transactions through secure processing.
🧵 Read more at: https://cointelegraph.com/news/australian-stock-exchange-officially-abandons-blockchain-plans-report
damn I love these news to threads
In other words "The Aussie gov stole as much as they could and then buried the project". Without reading the story and only reading the storm, I can't believe they would abandon such plans seeing how the future is on chain.