HKEX to Work With ASX on Blockchain

Hong Kong Stock Exchange intends to reduce operational costs with blockchain
21 March 2018   168

The Hong Kong Stock Exchange (HKEX) is actively exploring the possibilities of blockchain technologies for implementation on its site. To this end, the company enlisted the support of the Australian Stock Exchange (ASX), which announced the transition from the current CHESS clearing system to a new solution created on the basis of a distributed ledger, the Financial Times reported.

It is worth noting that after two years of testing, ASX became the first major trading platform, which transferred operations to the blockchain. It is noteworthy that the exchange also became the most profitable among similar sites in 2017 - its income was 77% against 71% for HKEX.

As the publication writes, the executive director of HKEX, Charles Li, said that his site "is interested in using blockage in a number of areas, including lending and over-the-counter trading." In addition, HKEX is now "tightly communicating" with ASX to "understand the essence of their work and exchange information."

It is noted that in the past HKEX has already launched its own project to create a blockchain system for small businesses, but faced a shortage of qualified software developers, which is why the work in this direction was discontinued. However, now the site is faced with the need to reduce its operating costs, which, Li believes, will be reduced with blockchain.

BOScoin sets up a meetup in Amsterdam

The first European BOScoin meetup will be held in Amsterdam on May 13 to introduce the platform to the public
21 April 2018   25

BOScoin is holding its first European meetup session on May 13 in Amsterdam. The venue is chosen to be at Berlage Meet and Workspace. During the meetup members of the team with CTO Yezune Choi and the community manager will be available to answer questions in order for BOScoin community to learn more about the project, and understand how it fits into the broader market. Mr. Choi will be presenting an overview of the BOScoin platform, and going into greater detail about the project's future plans, and technical aspects of the platform.

Among the topics to be covered there will be explanation of the technology and project's business strategy. Currently BOScoin has a working and functional blockchain network called tokenNet, which allows for the transfer of BOScoin from wallet to wallet.

The event starts at 13:30 local time.