slide 1: Copyright © Blockchain Council www.blockchain-council.org 1
slide 2: Copyright © Blockchain Council www.blockchain-council.org Stock Exchange in Australia to bring big savings Using Blockchain After so much hype regarding Blockchain Technology and cryptocurrencies has
died down in the last year we are finally seeing the development of real-world
applications of Blockchain Technology. Blockchains primary use case has always
been in the financial sector and accordingly Australia’s main stock exchange the
Australian Securities Exchange has decided to switch to a Blockchain based
clearing system to replace it traditional Clearing House Electronic Subregister
System CHESS. This is a huge step forward for the adoption of cryptocurrencies
in the real world and one that will immensely benefit the clearinghouse. 2
slide 3: Copyright © Blockchain Council www.blockchain-council.org Problem with the clearing house electronic subregister system Presently the Australian Securities Exchange relies on the CHESS platform for
processing all of the trades in Australia. The CHESS is difficult to operate for the
exchange as it consists of many disparate databases that need to be supported
upgraded and maintained. Keeping all of the databases up to date is expensive
and the cost is passed down to the customers in the form of very high exchange
fees. 3
slide 4: Copyright © Blockchain Council www.blockchain-council.org Using the CHESS platform the estimated average fee that investors are charged
for clearing and settlement services is approximately 1.2 of the transaction
which can be very huge for large investors. Bigger Australian funds like the
superannuation industry on the other hand incurs costs of approximately 23
billion. Blockchain Technology can cut these costs by over 50 using its unique
consensus mechanism that simplifies the complex system that is the Clearing
House Electronic Subregister System. 4
slide 5: Copyright © Blockchain Council www.blockchain-council.org By being the first global exchange to adopt Blockchain technology for clearing and
settlement Australia wants to stay on top of the Blockchain revolution. The
Australian Securities Exchange CEO Dominic Stevens is hoping that using
Blockchains in finance will "put Australia at the forefront of innovation in financial
markets" and also spur innovation in other sectors. 5
slide 6: Copyright © Blockchain Council www.blockchain-council.org Development of Blockchains for clearing and settlement The Australian Securities Exchange has been working with the New York-based
Blockchain startup Digital Asset Holdings to develop the Blockchain based
clearing system for over three years and is expected to finish by mid-2020. The
final product will become the first and largest of its kind project to employ
distributed ledger technology for the financial sector. The new platform will result
in faster and cheaper clearing of trades and will allow users to directly access the
information without having to rely on the exchange to update orders. Unlike the
CHESS platform 6
slide 7: Copyright © Blockchain Council www.blockchain-council.org . which consists of multiple different databases which are programmed in different
languages the blockchain based application will result in the creation of a single
harmonized database that will be accessible to all the users. CEO Dominic
Stevens is very enthusiastic for the project and claims that “by doing all of this
within a highly secure environment where permission-ed users have access only
to the data that they are entitled to see 7
slide 8: Copyright © Blockchain Council www.blockchain-council.org ASX is safely liberating the source of truth information in real-time such that it can
be used by participants and other providers to build new services across the value
chain which will provide tremendous value by being a great business enabler for
our customers and a significant enabler of innovation for issuers and investors.” 8
slide 9: Copyright © Blockchain Council www.blockchain-council.org Net saving for Australian Securities Exchange All of the advantages of the Blockchain like faster settlement times cheaper and
faster transaction and the creation of a single truth ledger will allow for the ASX to
cut down its operating costs significantly while also simplifying its existing
databases. Additionally like the CEO claims Blockchains will also allow for other
developers to create applications using smart contracts for the benefit of investors. 9
slide 10: Copyright © Blockchain Council www.blockchain-council.org In financial terms the average large investors will save on transaction costs from
the current 1.2 to a meager 0.1 which is the cost that most large
cryptocurrency exchanges like Binance charge. On an average 1 million
transaction that means going from 12000 in fees to about 1000 which is very
important for large investors. Learn more about Blockchain 10
slide 11: Copyright © Blockchain Council www.blockchain-council.org Blockchain Council Certifications You can check out our certifications and kick start your career in the Blockchain
space today. ● Certified Blockchain Expert ● Certified Blockchain Expertv2 ● Certified Blockchain Developer ● Certified Smart Contract Developer ● Certified Solidity Developer ● Certified Ethereum Developer 11
slide 12: THANK YOU Any questions You can mail us at helloblockchain-council.org Copyright © Blockchain Council www.blockchain-council.org 12