See how the world's top 10 stock exchanges are playing with blockchain

But 10 of the world's major stock and commodity exchanges are now showing interest in blockchain technology. In this article, we'll give you the lowdown:

1. Australian Stock Exchange (ASX)

When it comes to the use of blockchain technology, the ASX is definitely one of the most ambitious of them, having invested more than $10 million in the industry's startup Digital Asset Holdings in January as part of its research and development initiative. million dollars as part of its research and development initiative.

Along with the investment, the ASX revealed that it would not only be conducting technology trials, but also building a new post-trade settlement system, which will be developed by Digital Asset through the use of a distributed ledger structure.

Since January of this year, however, updates on the progress of the project on the ASX may have been overshadowed by controversy. In March, Australian news outlets began to speculate that the blockchain project might also be in jeopardy with the premature resignation of Elmer Funke Kupper, the organization's chief executive officer, even though the ASX had reaffirmed its support for the experiment.

2. CME Group

CME Group, one of the founders of the Post-Trade Distributed Ledger Working Group, has been very active in the industry through its investment arm, CME Ventures. The CME Group is one of the founders of the Post-Trade Distributed Ledger Working Group and has been very active in the industry through its investment arm CME Ventures.

The CME Group is unique among its peers in that it has a diversified investment strategy across industries, having invested in distributed ledger startup Ripple, blockchain investment group Digital Currency Group, and Digital Asset Holdings. its behavior in technology and the broader industry publicly.

3. Deutsche B?rse

Deutsche B?rse, the operator of Germany's Frankfurt Stock Exchange, is another player on this list, having also participated in a $60 million funding round for Digital Asset Holdings in January.

Unlike its co-investor ASX, however, Deutsche B?rse has been less vocal about its support for the technology.

In an interview in February, Deutsche B?rse said it was conducting a proof-of-concept related to the technology, although it has yet to release any findings or test results.

4. Dubai Multi Commodities Exchange

In the Middle East, blockchain-related activity has been relatively sparse, a situation that lasted until the recent opening of the Global Blockchain Council, a 32-member group of startups, financial companies and tech giants that aims to oversee the implementation of the technology. giants to oversee the technology's adoption and the impact it is having.

The Dubai Multi Commodities Center builds on these members, and is a special economic zone and commodity distribution center that oversees the trading of precious metals and other tangible commodities.

DMCC announced in February that it was engaged in a technology trial with Bitcoin startup BitOasis to explore how blockchain technology could improve the onboarding process for its personnel.

5. Japan Exchange Group (JPX)

Japan Exchange Group, one of Asia's more active stock market operators, announced its interest in the sector in February and has formalized an alliance with IBM to become a Blockchain-as-a-Service (BaaS) user.

At the time, related reports indicated that the Japan Exchange Group was embarking on a proof-of-concept study of the role of blockchain technology in creating a new trading system for illiquid assets, with the final results to be published through a report later this year.

Earlier this month, JSE Group also announced that it was working with the Nomura Research Institute (NRI) on a trial to examine how the technology could be applied to the securities market.

6. Korea Stock Exchange

Korea Exchange, South Korea's only stock exchange and one of the newest additions to this list, announced in February that it would seek to launch an over-the-counter trading platform through blockchain technology.

In a statement to local news media, Korea Exchange said it hopes the technology will help reduce costs. Details about the trial and the company's participation in the group were not released.

7. The London Stock Exchange (LSE)

The LSE is one of the founding members of the Post-Trade Distributed Ledger Working Group, and is one of the most energetic but low-profile of the group when it comes to experiments with blockchain technology. The LSE is one of the most vibrant, but also one of the most understated, when it comes to experimenting with blockchain technology.

The LSE was one of the first groups to follow in the footsteps of startup R3, and it was the first to say that large financial firms would look to utilize a collaborative model for blockchain testing beyond R3's framework.

It is also since then that a number of large financial firms have begun to participate in private proof-of-concepts as well as in certain areas of capital markets operations involving various parties.

In addition, along with Kouvola Innovation and Japan Exchange Group, the London Stock Exchange was one of the initial customers for IBM's Blockchain-as-a-Service (BaaS).

8. Nasdaq

When it comes to testing blockchain technology, Nasdaq is probably the most aggressive organization in action. U.S. stock market operator Nasdaq debuted Linq, a private share trading platform, in 2015, and in doing so became the first financial institution to conduct a proof-of-concept for blockchain. The platform is currently in the testing phase.

In addition, Nasdaq has partnered with blockchain solution provider Chain and is allowing its in-house experts to be able to speak publicly about blockchain technology.

In 2016, Nasdaq continued the momentum. Previously, for example, it revealed it was working with Estonia's Nasdaq OMX Tallinn Stock Exchange on a trial with a view to using blockchain technology to reduce various barriers to shareholder voting.

9. New York Stock Exchange (NYSE)

The New York Stock Exchange was one of the first few companies to take an interest in the sector, and NYSE made two major announcements in 2015, both of which were related to Bitcoin.

In January '15, NYSE invested in bitcoin services company Coinbase as part of its Series C funding round. At the time, NYSE Chairman Jeffrey Sprecher said the investment demonstrated confidence in the status quo that millennials would make widespread use of digital currencies, describing millennials as having a more progressive view of value exchange.

In May NYSE will continue to roll out its price index for bitcoin, which will also be a competitor to CoinDesk's Bitcoin Price Index (BPI), which is plotted with transaction data from the Coinbase trading platform.

10.TMX Group

The TMX Group, operator of the Toronto Stock Exchange, has never been explicit about its opinion on blockchain technology.

However, with the hiring of Anthony Di Iorio (one of the co-founders of ethereum) as the organization's first chief digital technology officer, TMX also made its first public expression of interest in blockchain technology in March of this year. The next-generation network has become one of the most important blockchain applications in the public eye following the product launch in March.

Nevertheless, TMX Group has said it is in the early stages of generating a blockchain strategy, and that it could be testing the technology soon. (Babbitt)

11, Puyin Group

Puyin Group has launched Puyin, a tea-based digital currency, which is a propriety digital currency issued through crypto-digitization of high-quality Tibetan tea assets that have been warehoused, authenticated, evaluated, and corroborated by three parties.