'An interesting beast: ASX Ltd'

Alan Kohler interviewed Dominic Stevens, the Managing Director and CEO of the ASX:

https://theconstantinvestor.com/interesting-beast-asx-ltd/ (paywall, $1)

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The reason I’m interested in that is because I keep bumping into and interviewing CEOs of companies that are listed on the ASX that are based all over the world and it’s very interesting. It seems to me, just talking to Dominic in the interview, it’s kind of landed in the ASX’s lap. I mean, they’re picking it up now and they’re really running with it, but this, it seems to me, is a key element of ASX’s growth story to become more of a global marketplace for technology and venture capital.  
That’s what the focus of the interview with Dominic Stevens was about and I think it’s very interesting. Whether it justifies the PE of 25 and a yield of just 3.5% is another matter and that’s perhaps one for you. "

Dominic, there’s a couple of things that are going on that are really interesting, let’s focus on those.  The blockchain process, tell us where that’s at and also what the plan is?
Okay, so at the moment we announced to the market in December that we were going ahead and using that.  What we’ve now got to do is take all of the consultation we got from the market, put it together into what the first drop of the software will be.  There’s something like 45 different requests new functionality and so we’ve got to work out exactly what we’re going to build and order those, and then work out how long that’s going to take.