May 2019 Newsletter
In this edition:
- CEO’s Message – Policy Settings to Encourage Blockchain Adoption
- ADCA and Blockchain Australia Merger – New Logo Competition
- APAC Blockchain Conference
- Labor Policy Launch – Blockchain Academy
- Book Launch – Blockchain & Loyalty
- Welcome to our New Members
Policy Settings to Encourage Blockchain Adoption
How can Australia’s next Government encourage blockchain innovation in Australia?
The election to choose Australia’s next Federal Government is just over a week away.
Unsurprisingly, policies to encourage Australian leadership and innovation in blockchain technology have not featured highly in the electoral contest. Although it is perhaps not too much to hope that by the time of the next Federal election, the potential for blockchain technology to improve the delivery of government services and reduce costs could be at the heart of new policies ideas to tempt Australians to support one party or the other.
So what policies can an incoming Government – whether it is a returned LNP or new Labor government – adopt to help ensure that Australia is a world leader in developing and deploying blockchain solutions?
ADCA offers the following policy priorities:
Education & Skills
No new technology or business approach can succeed without a skilled workforce equipped to take advantage of it. With research showing that there will soon be 14 jobs available for every skilled blockchain professional, there is an urgent need to commit to the development of blockchain skills. This goes well beyond coding and systems development skills and includes business process, commercial and financial, legal and regulatory and more.
A key focus should be in-work professionals looking to upskill to take advantage of the blockchain transformation. Government policy makers too need to be equipped with an understanding of the technology and its implications.
Australia has a strong record in blockchain research. Data61 for example is responsible for 5 of the 30 most-cited papers in blockchain systems and a number of our universities have noteworthy programs not only in the technology of blockchain but also in the economics and commercial implications as well as in regulation and law. However, achieving true leadership in the adoption of blockchain technology requires leveraging these individual areas of strength into an integrated capability to identify and prioritise the most promising areas of opportunity while systematically overcoming technological, regulatory and commercial barriers.
Stronger collaboration between industry, researchers and government agencies and policymakers is a priority. The policy announcement by Labor to support a Blockchain Academy (see below) is an important step in the right direction.
The regulation of digital assets in Australia remains a patchwork affair with some areas well defined and encouraging of innovation and others yet to catch up with emerging trends. The lack of regulatory certainty is a major disincentive for blockchain innovators to grow their businesses in Australia.
A core objective of an incoming government should be to develop a consistent and integrated framework across all key regulatory domains that treats digital assets in an analagous way to other asset classes – the policy objectives should remain the same for all asset types but the tools regulators use may need to be adapted for the blockchain economy.
The key insight that should drive the regulatory approach is that there is no need to make a trade off between consumer protection and encouraging innovation. Regulators can and must do both. A sound consumer protection environment based upon the thoughtful use of blockchain technologies to improve regulatory models is the most pro-innovation policy imaginable.
Government Registries and Service Delivery
Government registries – land title records, medical practitioner qualifications, copyright and other intellectual property claims, skills licenses and many more – operate as key components of many parts of the economy. A review of the way in which registry systems operate to take advantage of both open data and blockchain to provide secure and trusted access to key registry data could not only improve the operation of the registry service but kick-start a wave of private sector innovation.
Similarly, governments should start to actively look for opportunities to deploy blockchain technologies to improve government service delivery. The time is not yet right for core systems to be delivered with the aid of blockchain but identifying smaller use cases can build understanding and confidence while still delivering value.
An over-arching strategy encompassing education, research, regulation and government service delivery will provide business confidence and certainty. Innovation and entrpreneurship will follow!
CEO & Managing Director
ADCA & Blockchain Australia Merger
Competition – Help us find a new logo!!
The new Blockchain Australia needs a new logo.
The new logo should reflect our vision for Australia to be a world leader in the responsible adoption of blockchain technology.
We’re looking for an image that demonstrates innovation, blockchain and our commitment to Australia.
To help us find the perfect logo, we’ll soon launch a competition with the winner to be announced at the upcoming APAC Blockchain Conference in July.
Standby for application and prize details coming soon!
APAC Blockchain Conference – Sydney, July 22-24
Join us at the annual meeting place for Australia’s blockchain industry
ADCA is proud to support the 3rd Annual APAC Blockchain Conference – the annual meeting place for Australia’s Blockchain industry.
It’s set to take place from 22 – 24 July 2019 in Sydney, and will focus on real world examples, practical use cases and “how to” leverage this technology to create value.
In 2018, the APAC Blockchain Conference brought together over 500 attendees from over 250 companies, representing the leading Blockchain brains in the region and highlighting the enterprises on the path to adoption.
It’s where people who are serious about developing Blockchain technology in the Asia-Pacific region meet. Where they can focus on real world examples and practical use cases, where they can create networks and new connections and be at the forefront of leveraging Blockchain innovation.
This year the program will also include the inaugural Women in Blockchain annual reception as well as the first Australian Blockchain Innovation Awards.
We’ve pulled together over 50 incredible speakers, including;
Peter Hiom, Deputy Chief Executive Officer, ASX
Dr. Justo Ortiz, Chairman, UnionBank of the Philippines
Sophie Gilder, Head of Experimentation – Blockchain, Embodied AI & Emerging Tech, Innovation Labs, Commonwealth Bank of Australia
Tom Wilkinson, Head of MI & Analytics and Cambridge Policy Fellow, United Kingdom Department for International Development
Mastura Ishak, Programme Director – Blockchain, Malaysian Industry-Government Group for High Technology
To see the full program, you can download the conference brochure.
Policy Launch for Blockchain Academy
Ed Husic Launches Labor Policy for Blockchain Academy in Perth
Ed Husic, the Shadow Minister for the Digital Economy, unveiled an election commitment to fund the creation of a Blockchain Academy in Perth.
The event, which was hosted by ADCA Deputy-Chair, Leigh Travers, at the Blockchain Centre in Perth on May 1st, saw Labor commit to $3M in funding to drive skills development and collaborative research by partnering with industry, start-ups, students and researchers.
Perth was selected for the prototype Blockchain Academy due to its strong blockchain ecosystem as well as links to other key centres of innovation in the same time zone such as Singapore.
It is expected that once the Blockchain Academy model is proven successful in Perth, it could be rolled out to other Australian cities.
Book Launch – Blockchain & Loyalty
Australia’s Philip Shelper shows how blockchain will transform loyalty programs.
Blockchain can be applied to loyalty programs in two main ways. Firstly, instead of traditional points and miles, loyalty programs can reward members with cryptocurrency, a new type of digital currency with a value which constantly adjusts based on speculative investor behaviour and the market forces of supply and demand. Secondly, an enterprise blockchain platform can be integrated with a loyalty management system to facilitate secure, real-time, auto-reconciled transactions, generating business efficiencies and an improved member experience.
Blockchain Loyalty 2nd Edition provides deep insight into how blockchain and cryptocurrencies are disrupting loyalty and reinventing marketing around the world, and features:
– the basics of blockchain and cryptocurrencies
– the history of loyalty currencies
– a world-first blockchain loyalty research project
– interviews with blockchain loyalty companies
– the essentials of running an Initial Coin Offering
– business models including tax and legal considerations
– blockchain marketing and gamification basics
– enterprise-level applications by major loyalty programs
– an overview of blockchain loyalty technology
Australian Blockchain Innovation Awards
Gala Awards Dinner – July 23, Sydney
Welcome to our new members
A warm welcome to our new members:
Flex Dapps is a web3 technology consultancy and software development collective based in Melbourne. Flex has a strong software engineering background, our entire team have been nerds since their early years. If you’re looking for a developer-first web3 company, you don’t need to look any further.
Loyalty & Reward Co are Australia’s leading loyalty management consulting agency. We have designed loyalty programs for some of Australia’s biggest brands. We design solutions to drive member engagement using lifecycle management as the core foundation. We focus on streamlining how members join and are on-boarded, and implement extensive tactical approaches to drive growth and advocacy, while ensuring adequate retention strategies are in place if members start to disengage.
A payment gateway that lets you use Bitcoin, Ethereum, Ripple and other major cryptocurrencies to pay bills via BPAY, pay directly to any Australian bank account , up to $50,000 per transaction or purchase eGift Cards.
Power Ledger develops blockchain-based software for the energy industry, specifically for energy trading, carbon credits trading and energy asset financing trading. Power Ledger began in May 2016 and since then has experienced rapid growth, fueled by the advancements in technology as well as the energy industry. Power Ledger conducted the first ICO legally based out of Australia.
The Sydney Stock Exchange (SSX) is a securities exchange in Australia with a Tier One market licence granted by the Australian Securities & Investments Commission (ASIC). SSX provides opportunities for growth-oriented companies to raise the capital they need for expansion.
Tide is open source software powering a privacy compliant, decentralised personal data economy. Helping organisations handling sensitive consumer data to maintain compliance with privacy legislation and avoid consequences of data breaches. Helping consumers control their personal data and share in its trade and monetisation.
Providing exchange platform for cryptography based assets and ancillary services like internet/web based applications, services and solutions, provide or take up Information technology related assignments using owned /hired or through development centres using owned /hired or third party infrastructure and equipment, Digital Assets exchange services and allied services, recruitment and HR related services.