Accenture roped in to find the weakest link
One of the world’s most prominent and mission–critical uses of the blockchain — The Australian Securities Exchange’s (ASX) project to replace its CHESS core trading systems with a distributed ledger – has struck further trouble.
As The Register has previously noted, the project commenced in 2017 but saw its go-live date pushed back from 2021 to April 2023, before the ASX warned that deadline would likely be missed.
Yesterday the bourse revealed «we do not expect that the go-live date for new CHESS could be before late 2024.»
A statement [PDF] attributed the delay to analysis that revealed «more development is required than previously anticipated to meet ASX’s scalability and resilience requirements for the application. This is contributing to delays to the delivery of the remaining technical components of the application.
