The B-Word: why are high-profile blockchain projects failing?

The recent failures of large-scale blockchain projects by both the Australian Securities Exchange and a joint IBM / Maersk shipping platform have spotlighted the difficulties of such major transformations. What lessons can telecoms companies learn when pursuing their own blockchain ventures?

As the crypto market continues to reel from the collapse of FTX, the arrest of its founder in the Bahamas, and trouble brewing for Binance, in less miniseries-worthy developments, the Australian Securities Exchange (ASX) has quietly announced that its blockchain-based replacement is no longer happening.

In development since January 2016, the new exchange, developed in partnership with Digital Asset, would have been a world’s first of its kind, replacing the 25-year-old Clearing House Electronic Subregister System (CHESS) with a nimbler, more cost-efficient alternative.

Cerillion plc (LON:CER) is a leading provider of billing, charging and customer management systems with more than 20 years’ experience delivering its solutions across a broad range of industries including the telecommunications, finance, utilities and transportation sectors.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Cerillion

More articles like this

Cerillion

AI unlocks new revenue frontiers for telecom giants

Telecom operators are no longer just pipeline providers. As artificial intelligence reshapes the industry landscape, a new breed of AI-native services is turning traditional networks into innovation engines for growth and profitability. Artificial Intelligence (AI) is

Cerillion

Investors are betting big on vertical software

As industries embrace AI-driven vertical software solutions, Cerillion Technologies emerges as a key player in the telecom sector, driving industry transformation and investor interest.

Cerillion

Cerillion: Women in Telecoms

Women are making strides in tech, reshaping the industry. Cerillion highlights remarkable women pushing boundaries in leadership for International Women’s Day.

Cerillion

Cerillion showcases game-changing telecom solutions at MWC25

Industry-leading telecom solutions provider Cerillion is set to return to Barcelona for MWC25, the premier event in the telecommunications industry. Marking its 25th anniversary, Cerillion will present pioneering advancements, including its Composable Self Service and GenAI