NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Sydney Stock Exchange Implement Blockchain Tech Bit Trade Labs

Gautham
Gautham
4 years ago
3 mins read
Sydney Stock Exchange

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Sydney Stock Exchange has recently announced that it will be implementing blockchain technology for its equities market settlement and registration system. The new system will be developed and implemented in collaboration with Bit Trade Labs, a blockchain and distributed ledger based solutions company.

Expected to go live by early 2018, the latest development was announced at the Practical Blockchains forum, operated jointly by Sydney Stock Exchange, Bit Trade Labs and the Australian Digital Currency Commerce Association. The solution developed jointly by Bit Trade Labs and Sydney Stock Exchange will be initially deployed internally before it is made available to other markets as well.

In a release, Ron Tucker – the CEO of Bit Trade Labs is quoted saying,

“We are very excited to be at the forefront of distributed ledger innovation for the financial service markets. With Bit Trade’s world leading Blockchain development resources, and the stock exchange’s trading and settlements expertise, we’re together ensuring Australia continues to drive a leadership role in the global adoption of this innovative new financial technology right now.”

The Blockchain technology is increasingly becoming ubiquitous. Apart from its usage as a distributed ledger keeping track of all the transactions happening over the Bitcoin network, it is making inroads into the conventional financial system. The increased interest towards blockchain is mainly because of what it has achieved during its existence over the past 8 years. Its property to act as an immutable database that can store information permanently has been instrumental in its rise to fame. At the same time, the decentralized nature of the blockchain makes it impossible for the records to be lost even if one of the systems containing a copy of the entire blockchain fails. In the case of such failure, there are other nodes spread across the network containing the entire copy of the blockchain, which can be easily retrieved. The icing on the cake here though, is the ability to create and manage smart contracts on the blockchain which is instrumental in automating various financial processes.

As the potential uses of blockchain technology become well-known, many data-driven industries have jumped up to the endless opportunities the technology can offer. Many of them have already started experimenting and implementing the technology, in order to capitalize on the opportunity before the competition takes over. With the introduction of platforms like Ethereum, Counterparty, Lisk, Rootstock and more, the process of building smart contracts over the blockchain has not only become easier but also more effective. These smart contracts are programs on the blockchain that are created to be executed when certain pre-programmed parameters are met. By creating smart contracts for various scenarios, companies and financial platforms can now automate their transactions, both monetary and otherwise.

The collaboration between Sydney Stock Exchange and Bit Trade Labs to implement blockchain based trade settlement system follows the recent implementation of a similar system by the Australian Securities Exchange. By implementing the blockchain technology, the stock exchanges will be able to settle trades by issuing ownership of the shares to the parties over blockchain using smart contracts. These smart contracts will have a record of the transaction, along with details of the change in ownership and the number of shares, all time stamped and securely stored on the blockchain. The whole process of issuing and transferring the shares to investors/traders will ideally take less than an hour. On legacy systems, the same process takes anywhere between one to two days.

It is an advantage for both buyers and sellers, as even the amount paid for the securities will be realized to the sellers almost immediately, allowing them to use the capital to execute further traders on the platform.

Ref: Finextra Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin continues to consolidate just below its all-time high of $112K, holding firmly above key support at $105K despite repeated...

Sebastian Villafuerte 3 hours ago
Bitcoin vs Ethereum

Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading

Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent...

Keshav Verma 4 hours ago
Bitcoin

Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation...

Ronaldo Marquez 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Samuel Edyme 23 minutes ago
Ethereum Bulls Roar

Ethereum Bulls Roar — $3K Beckons After 5% Spike

Aayush Jindal 2 hours ago
Bitcoin Price Attempts a Comeback

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

Aayush Jindal 3 hours ago

Premium Sponsors

Press Releases

  • Ripple XRP Investors Making $10,9700 Per Day with This...

    3 hours ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    14 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    14 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    15 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.