The Birth of the Blockchain Association of Australia
Earlier this year, the ranks of the Blockchain elite expanded with the formation of the Blockchain Association of Australia, spearheaded by Chami Akmeemana, director at ConsenSys. Collaborating with big financial names like BNY Mellon and Commonwealth Bank of Australia, this initiative aims to pulse life into the country’s Blockchain ecosystem.
Jared Harwayne-Gidansky, the North American lead at BNY Mellon, and Sophie Gilder from Commonwealth Bank are not just wearing pretty titles; they’re rolling up their sleeves to elevate Australia’s Blockchain game.
CityConnect: Hackathon Bonanza!
Hold onto your keyboards, folks! A thrilling Blockchain event is set to ignite the scene in Australia – the CityConnect smart city Blockchain hackathon. Akmeemana spills the beans about this gathering that promises to rally together blockchain entrepreneurs, enthusiastic developers, and seasoned experts from various arenas.
It’s not just about flashing codes and algorithms; this hackathon invites judges to sift through innovative Blockchain applications and train wrecked company strategies through the lens of Blockchain technology. It’s the place to be if you’re keen on making tech magic happen!
Learning from the RegTech Success
The momentum doesn’t stop here, oh no! The RegTech hackathon held previously in Melbourne was a smashing success, and the flames of innovation are only stoked higher with the establishment of the Blockchain Association. With developers craving new challenges and businesses seeking digital solutions, the stage is set for what might be the world’s largest Blockchain hackathon.
“Our primary goal is to uplift the Blockchain ecosystem and bridge the skill gap in Australia,” stated the Blockchain Association. They are on a mission to educate and connect with global leaders to bestow best practices upon the Australian Blockchain community.
Tax Break for Digital Currencies: Cha-Ching!
In a bold move that sent ripples through the financial boulevard, Australia has decided to treat digital currencies, like Bitcoin, with some tax love. From July 1, 2017, purchases will no longer attract Goods and Services Tax (GST). What does this mean? Essentially, you don’t have to pay the GST twice! In other words, digital currencies are getting the recognition they deserve.
The government’s initiative aims to foster innovation across financial technologies, showcasing a sincere enthusiasm for Blockchain and Artificial Intelligence. The anticipation of this policy is likely to set a Bitcoin boom in motion.
Big Ideas Are Brewing
As the anticipation builds, Akmeemana reveals that the Blockchain Association is cooking up “big things” post-hackathon. Connecting developers with industry titans is just the tip of the iceberg, but ensuring the event is rewarding is equally crucial. Consider the hackathon from 2016 that hatched Coindash – a project that raised over $12 million despite facing a $7 million hack situation. Proving that sometimes, it’s all about the journey, not just the destination!
So, as July rolls around, let’s keep an eye on Australia’s foray into the Blockchain future, for it promises not just opportunities but a revolution in how we perceive technology.
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