My guest in this episode is Paul Stonham, the general manager of DLT Solutions at the ASX or Australian Stock Exchange.
DLT stands for Distributed Ledger Technology which is effectively blockchain technology. The ASX have been working hard for years to develop the technology to replace the CHESS system that manages shareholder information. And as part of their work in this area, they have created a ‘white label’ template for blockchain known as Synfini that is now available via an API so it can be applied to other uses.
And one of the first test cases, as Paul explains in this interview, has been in the property space by the NSW Building Services Commissioner as a way of tracking and tracing all of the ‘ingredients’ of multi storey residential towers to create a new rating system that will give new apartment buyers confidence about the quality of the build. And this is of course, an important development after the disasters of incidents like the Opal Towers in Sydney.
