Daml Development Services

Enable your business for the ASX distributed ledger impact

We design and create new business systems and processes using DAML.

Stay Ahead of The Curve

Understand what DLT will mean and how to stay ahead of the competition.

Enhance cost reduction.

Discover ways to reduce costs and eliminate waste through better workflow automation.

Realise growth opportunities.

Identify, create and grow your business by accessing new digital markets.

Talk to us about what we can do for your business.

Speak with our team

Get prepared for the new ASX distributed ledger system.

The ASX is set to launch a replacement to CHESS, the market’s clearing and settlement system, with a new system built on cutting edge distributed ledger technology (DLT) that uses smart contracts written in DAML.

DAML was created by Digital Asset, a company which the ASX has invested over USD$30 million dollars in (alongside Samsung and Salesforce). It is set to be the world's first industrial-scale blockchain in the financial services industry.

CHESS was a world leading settlement platform when it first launched 25 years ago. Its development allowed for meaningful improvements in efficiency and effectiveness of post-trade processing. In building a DLT based replacement, the ASX aims to provide a deeper range of technological benefits to a wider cross-section of the market, from financial services to agricultural supply chains and beyond.

Some of these outcomes will be:

  • Providing listed companies, product issuers and end investors with enhanced abilities in the way they control and access their market data.

  • Timely, secure and simplified access to the register of holders, financial assets and associated information.

  • Operational efficiencies to streamline workflows, remove paper based processes and mitigate manual errors.

  • A new digital infrastructure backed by the ASX which enables businesses to create their own applications and systems on top of.

DigitalX Capabilities

As one of Australia’s leading blockchain and distributed ledger experts, DigitalX is ready to help your business take advantage of these world-first innovations. We share the ASX’s belief that the approaching shift to blockchain and DLT will bring about huge opportunities in the financial services industry and the broader economy.

Whether you are a share registry, financial services provider or rising fintech, DigitalX can help your organisation prepare for the distributed ledger.

Talk to us about what we can do for your business.

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FAQ - Help me understand

What is ASX CHESS?

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What is DAML?

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What is DLT (distributed ledger technology)?

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What is unique about the ASX DLT?

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CREATE YOUR BLOCKCHAIN SOLUTION

Discover how blockchain technologies can bring value to your organisation. Contact DigitalX for a confidential discussion about defining your blockchain strategy and creating new solutions.