Sydney Stock ExchangePractical Blockchain Launch

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 MPAssistant Minister for Innovation

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!

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

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

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?

723/05/2016

The Sydney Stock Exchange Starting Point

823/05/2016

SSX Proposed Settlements Model

SSXListed Secondary Market

Operator

SSXUnlisted Secondary Market

Operator

SSXBlockchain

Settlement & Registration

Share registry

SSXCommodity Market

Operator

Id

en

tity

Overla

y

ASXSettlement

& Registration

923/05/2016

“We cannot solve our problems with the same

thinking we used to create them”

Albert Einstein