Paul Stonham is the General manager of the DLT division at the Australian Stock Exchange. For the last few years the ASX has been developing an enterprise DLT that uses VMware’s blockchain and runs the DAML smart contract language. In this conversation we talk traditional finance getting into distributed leger tech and some of the use cases. Paul is a technologist always looking to improve efficiency; and we get into tokenisation of assets and the utility of NFTs.
00:41 background in traditional markets – derivatives markets from tech perspective
03:59 DLT as a service
08:41 is it a blockchain?
10:00 simplifying the path to adoption
12:45 enterprise client’s use cases
22:32 competitors hyperledger etc.
24:36 on trust in tokenisation of digital assets
27:45 real estate & tokenised land
30:26 web3, NFTs, & a metaverse
36:11 DLT fit at ASX
Some notes from the show:
CHESS replacement with DLT https://www2.asx.com.au/markets/clearing-and-settlement-services/chess-replacement/about-chess-replacement
VMware blockchain https://docs.vmware.com/en/VMware-Blockchain/index.html
BFT distributed systems https://en.wikipedia.org/wiki/Byzantine_fault
PBFT based on The Part-time Parliament paper https://dl.acm.org/doi/10.1145/279227.279229
Barclays, JPMorgan use haskell https://hackernoon.com/what-is-haskell-who-uses-it-and-where-can-you-learn-to-code-it-7xme32d0
KPMG & NSW Building Trustworthy Indicator https://home.kpmg/au/en/home/services/blockchain-services/blockchain-platform/building-trustworthy-indicator.html
Speed & Trust https://www2.asx.com.au/blog/insight-reports/blockchain-trends-2022/speed-and-trust
Culture’s new home on the blockchain https://www2.asx.com.au/blog/insight-reports/blockchain-trends-2022/nfts
Australian Open nfts https://ausopen.com/articles/news/ao-launches-metaverse-serves-world-first-nft-art-collection-linked-live-match-data
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Recorded at blockheight 754135. The BCNZ podcast was founded in 2022 by Jeff Nijsse and Bryan Ventura.