Australia has been at the forefront of blockchain development and cryptocurrency acceptance this year. With several deals inked between major banks and corporations and an increasing adoption of digital currencies nationwide it is growing into a crypto powerhouse.Crypto Payments For Queensland TravelBrisbane has a huge tourism industry and it is...
IBM, CSIRO’s Data61 and law firm Herbert Smith Freehills have partnered on a new Australian consortium to build a cross-industry blockchain-based smart contracts platform for enterprises, according to a press release published August 29. Data61 is a digital innovation center that forms part of the Commonwealth Scientific and Industrial Research...
Australia is fast establishing itself one of the global leaders of blockchain innovation. With a new blockchain initiative, Australian businesses will be able to leverage blockchain-powered legal smart contracts in various business processes for enhanced efficiency and transparency.Australian National Blockchain Platform to be LaunchedThe initiative, labelled Australian National Blockchain...
It’s been close to 10 years since Bitcoin came into existence, and in that time, major financial institutions have slowly come to grips with blockchain technology and cryptocurrencies. Some have taken to the industry quicker than others, and some have outright turned their backs on the thought of using or...
The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology, Reuters reports August 23. The World’s Bank official mandate for the project was first unveiled August 10. The A$100 million ($73.16 million) deal entails two-year bonds that...
We're living at a time of unprecedented concern over identity. Fears abound that our personal data is being abused by distant third-parties, while this data has become more valuable to us at a time when our identities and the identity politics we base around them have become more central...
Holders of cryptocurrencies in Australia will now be able to pay their bills in cryptocurrencies, thanks to a new partnership between cryptocurrency exchange, Cointree, and automated billing platform, Gobill.New Partnership Opens Crypto DoorsCointree, in a tweet, recently announced partnership its partnership with Gobill which would enable cryptocurrency holders to...
Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the world’s first Blockchain bond upon being mandated by the World Bank.Australia to Create Distributed Ledger BondsThe Commonwealth Bank of Australia (CBA) will reportedly create, allocate,...
The Queensland government is stepping up efforts to put the country in the lead in the global race on blockchain and cryptocurrency.The state, with nearly five million people, has announced an investment plan of AUS$8.3 million (US$6.14 million) to boost innovation, including the distributed ledger technology ecosystem there.Queensland, Australia...
The state government of the Australian province of Queensland will issue a grant to a crypto startup as part of over $8.3 million of innovation funding, according to an official announcement published August 1. According to the government statement, the TravelbyBit digital currency payments platform for the travel and tourism...