Sydney Stock ExchangePractical Blockchain Launch
223/05/2016 2
Introduction by Wyatt Roy
“Blockchain could be one of the key
drivers of innovation in this country!”
The honourable Wyatt Roy MPAssistant Minister for Innovation
323/05/2016
The Case for Financial Markets to Use Open, Public Blockchain
Lessons from the history of the Internet ….
Private companies (e.g. AOL) attempted to create proprietary networks
Every “Walled Garden” failed
Internet growth only accelerated when open protocols implemented
Financial services at risk of making the same mistake!
423/05/2016
Private distributed ledgers can provide immediate improvements to some of the creaking infrastructure underlying the financial industry (back office and security settlement)
BUT
the financial industry’s interests in building propriety networks is like “having online without internet”.
Case for Public Blockchains
523/05/2016
SSX is committed to the robust and
reliable trading and post-trade
infrastructure required to reach into
the broader Asian region and to
reinforce SSX as a competitive
alternative Australian listing and
trading venue.
5
The Sydney Stock Exchange Commitment
623/05/2016
Our premise:
It’s evolution if it’s used to replace existing databases (infrastructure).
It’s revolution if it’s used to replace existing processes.
23/05/2016
Blockchain - Evolution or Revolution?
723/05/2016
The Sydney Stock Exchange Starting Point
823/05/2016
SSX Proposed Settlements Model
SSXListed Secondary Market
Operator
SSXUnlisted Secondary Market
Operator
SSXBlockchain
Settlement & Registration
Share registry
SSXCommodity Market
Operator
Id
en
tity
Overla
y
ASXSettlement
& Registration
923/05/2016
“We cannot solve our problems with the same
thinking we used to create them”
Albert Einstein
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