Digital Asset Holdings, a blockchain startup headquartered in New York, has developed a platform that will enable traders to use blockchain technology without disclosing confidential information regarding their trades, Reuters reported.

The new platform primarily targets the “confidentiality’ issue related to blockchain technology. Blockchain is a distributed ledger of transactions and asset ownership maintained by a network of computers on the internet. With such an arrangement in place, every user can potentially access the details of every transaction.

While this “shared” feature of blockchain reduces risks associated with discrepancies in data records held by different firms, it creates a problem in certain securities markets where participants would not want to disclose their positions.

Digital Asset says that its new platform solves the privacy issue by dividing the distributed ledger of transactions into two components: one where participants can store their transactions data confidentially, and another that is shared by all participants without the confidential data. The startup said that this platform will form the basis of the technology it is developing for financial institutions including Australian stock exchange (ASX) and the Depository Trust and Clearing Corporation (DTCC).

Earlier this year, ASX chose Digital Asset to develop solutions for the Australian market utilizing blockchain technology, with initial focus will be on post-trade (clearing and settlement) services in the cash equities market.

According to Reuters, Digital Asset’s platform will be ready for use by the end of 2017. Dan O’Prey, Digital Asset Holdings’ chief marketing officer, said that any decision by ASX to use the platform would be made thereafter in consultation with their stakeholders.

“This is the output of two years of hard work and confronting production requirements,” O’Prey told Reuters.

Besides solving the privacy issue, Digital Asset said that the new platform can also interact with existing financial protocols, which means that it could be implemented in a given market without requiring all participants to run on a blockchain-based system.