SSX FinTech Summit 2016

1. Sydney Stock Exchange
Practical Blockchain Launch

2. 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 MP
Assistant Minister for Innovation

3. 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!

4. 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

5. 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

6. 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?

7. 723/05/2016
The Sydney Stock Exchange Starting Point

8. 823/05/2016
SSX Proposed Settlements Model
SSX
Listed Secondary Market
Operator
SSX
Unlisted Secondary Market
Operator
SSX
Blockchain
Settlement &
Registration
Share
registry
SSX
Commodity Market
Operator
IdentityOverlay
ASX
Settlement
&
Registration

9. 923/05/2016
“We cannot solve our
problems with the same
thinking we used to create
them”
Albert Einstein