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.