Garry Kasparov is probably as famous for the thousands of matches he won during his 15 year reign as world chess champion as the one match he lost, in 1997, to IBM’s chess-playing computer Deep Blue.
ASX Group, operator of the Australian Securities Exchange, has outlined plans to spend $50 million on technology this year, including the blockchain-inspired replacement for CHESS and a major upgrade of one of its data centres.
The ASX intends to replace its decades-old Clearing House Electronic Subregister System (CHESS) with blockchain-inspired distributed ledger technology (DLT) developed by US fintech software firm Digital Asset.
The operator of the Australian Securities Exchange, ASX, will complete an assessment of blockchain-style distributed ledger technology (DLT) as a replacement for its CHESS system by the end of the year, the company said today.