Blockchain companies australia post

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Australia Post, Blackmores join Alibaba in food fraud crackdown

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy. Australia has shown that the regulatory race to create a transparent and coherent framework for digital currencies is underway.

The Committee's report, set to be released in in October, is central to this movement. The report will focus on the size and scope for Australian businesses and consumers to grow into a stronger tech and finance centre. In Senator Bragg's recent piece in leading newspaper The Australian , he recognises that cryptocurrency is here for good.

The Senator also expressed the value that cryptocurrencies and decentralised finance DeFi can bring to Australia. The combined market capitalisation of all 11, cryptocurrencies is roughly equivalent to the nominal GDP of Canada. But the market must have protections against scams, fraud, uncertainty and hesitation.

In addition, Senator Bragg addresses the unusual position of the industry where participants are well and truly calling for government intervention. Specifically, Bragg stated " I have never heard so many people cry out for regulation! And thus this presents the opportunity that:. If Australia addresses this gap in the right way, we could attract an enormous amount of new investment and jobs.

While one in five Australian's own cryptocurrency, according to a survey by Finder, many still believe the risk to consumers is far too great for regulation not to be in place. Notwithstanding the dynamic nature of regulation in this space, consumers are exposed to DeFi, blockchain and crypto markets on a near daily basis. Whilst Senator Bragg cites that the emergence of cryptocurrencies were forged from a foundation of turning away from middlemen and intermediation potentially being the catalyst for some consumer hesitation - this should not continue to hinder regulators from embracing the opportunities that may flourish in a well regulated system.

In turn, this is not a matter of choice but necessity to limit regulatory arbitrage becoming a feature of fintechs in the sector. We applaud the continued public stance of Bragg in championing progressive moves towards blockchain regulation after the recent open call on reddit for comments.

Like the rest of the blockchain industry we await to see the recommendations for how these obstacles should be addressed in the Committee's report in October. CryptoPunk specifically is one of 3, "female" punks which, in the words of Marketplace Larva Labs , "sports a mohawk, clown-green eyes and hot lipstick".

NFTs are an increasingly growing market, and as Visa's head of crypto, Cuy Sheffield, recently shared in a company blog post :. NFTs will play an important role in the future of retail, social media, entertainment and commerce.

Understanding this, it's easy to connect the dots on why Visa felt motivated to purchase the popular NFT. Sheffield also mentioned that with Visa's focus being on the future, this Cryptopunk purchase was "only the beginning" of Visa's work in the NFT space. When pressed about what makes him excited about NFTs, Sheffield promoted that amongst other things, NFTs have the ability to elevate the "creator economy" and lower the barrier to entry for creatives who earn a living through digital commerce think graphic designers, social media influencers and digital artists - and he is right.

With NFTs like CryptoPunks on the market, we can see the cultural movement creating a new kind of social commerce which empowers creators and collectors. We look forward to observing the next step Visa and other crypto-curious companies may take to recognise and commence their participation in the burgeoning NFT market. Deloitte's Global Blockchain Survey suggests cryptocurrencies and digital assets will continue its disruption into the financial services industry.

Importantly, of the 1, senior executives and practitioners surveyed worldwide, 76 per cent believe digital assets will replace fiat currencies in the next five to ten years. The survey notes, however, the enablement of these developments is contingent upon "a new kind of technical infrastructure as well as new processes and procedures". This sentiment was reflected in the survey results, with 63 per cent of participants outlining regulatory challenges as one of the major threats to the use and acceptance of digital assets globally.

This was surpassed only by the cybersecurity threat , with 71 per cent of participants believing it to be the biggest obstacle to further worldwide implementation. While the survey cannot decidedly determine the full future implications digital assets may have on the global economy, it expects these shifts to be highly disruptive to financial services as a digital-asset based financial model ushers in a new era of economic infrastructure. Technology giant Microsoft have proposed using the transparency of blockchain technology as a potential solution to fight digital piracy.

In a collaborative paper with Alibaba Group and Carnegie Mellon University, Microsoft have suggested a fully transparent incentive system called Argus we assume pronounced Arrrrrrr-gus which will operate on the Ethereum network. Microsoft also utilised the Ethereum blockchain last year to create a Baseline protocol. Anti-piracy relies on collecting data from an open and anonymous population of whistleblowers, so incentivising credible reports is part of the challenge for incentivizing reports.

The paper identifies a lack of transparency with respect to incentive, fairness and credibility-criteria as the major limitations of current anti-piracy campaigns. Argus, on the other hand, is underpinned by blockchain technology and remedies these issues by leveraging the technology to provide a trustless incentive-based system. This allows anonymity for piracy reporters at the same time as leveraging the transparency of public blockchain systems.

Microsoft has been ahead of the curb with respect to digital assets having accepted Bitcoin as payment in and, more recently, adding it as a currency on its Excel platform.

Argus is built on four pillars: full transparency, incentive, information hiding and optimisation. When an owner of a product distributes content to licensees, each copy is embedded with a unique hash known as a watermark. The paper assumes the watermark cannot be removed without significant damage to the content. This watermark allows the content to be traced back to the original source of infringement. The incentive component of the system is predicated on aligning the interests of the owner and informers.

Owners seek good-faith reports regarding pirated material while informers generally seek financial rewards. To consolidate these interests, Argus rewards informers more for timely reports, provides guaranteed amounts and prevents Sybil attacks where the informer uses multiple forged identities to claim a higher reward. To address concerns about Ethereum 'gas' network fees, the Argus will be bundling transactions to incur 'only a negligible on-chain cost equivalent to sending 14 ETH-transfer transactions per report on the public Ethereum blockchain'.

This project represents a fascinating blend of privacy and public information using blockchain to tackle a really serious and ongoing software problem. There has been endless speculation surrounding the safety and legitimacy of cryptocurrencies in recent years, with particular emphasis on their use for criminal activity. For many, cryptocurrencies are nothing but lawless high-speed rollercoasters brimming with fraud and scamming activity.

President Neel Kashkari said that cryptocurrencies are "95 percent fraud, hype, noise and confusion" and that he has not seen any uses other than "funding illicit activities like drugs and prostitution". Crypto-based crime represented only 0.

Unfortunately, most crime is still conducted with the cash you print. Despite this, many individuals and agencies seek to warn and in some cases deter consumers from crypto assets. It is becoming increasingly clear, however, that despite the uncertainty of the general population regarding cryptocurrencies, reports have shown crypto related criminal activity rapidly decreased in and is significantly lower than crimes that utilise traditional fiat currencies.

The amount of digital currency transactions associated with money laundering, for example, is far lower than that of suspected money laundering in the traditional financial sector.

Individuals and agencies often omit the ease by which companies like Chainanalysis can track digital money laundering and other criminal activities on the blockchain network. Their data likewise indicates the low rates of cryptocurrency use for money laundering and other crimes.

Crimes like theft, drug trafficking and money laundering are all traceable and only compile a fraction of digital transaction volume. The fear of the unknown tends to motivate agencies and individuals in attempts to 'protect' consumers with warnings and stay-away directions. It is easier to cast out a new technology than to learn and regulate it. With new systems and technologies being created every day to protect consumers and trace criminals and an expanding regulatory regime, it is becoming more and more meaningless to consider digital assets 'the wild west'.

Additionally, with the traceability of digital currencies cash will continue to remain more useful to criminals and for money laundering and terrorist financing. The content of this article is intended to provide a general guide to the subject matter.

Specialist advice should be sought about your specific circumstances. All Rights Reserved. Password Passwords are Case Sensitive. Forgot your password? Free, unlimited access to more than half a million articles one-article limit removed from the diverse perspectives of 5, leading law, accountancy and advisory firms.

We need this to enable us to match you with other users from the same organisation. It is also part of the information that we share to our content providers "Contributors" who contribute Content for free for your use. Learn More Accept. Your LinkedIn Connections with the authors. To print this article, all you need is to be registered or login on Mondaq. Cryptocurrency is here for good Australia has shown that the regulatory race to create a transparent and coherent framework for digital currencies is underway.

And thus this presents the opportunity that: If Australia addresses this gap in the right way, we could attract an enormous amount of new investment and jobs.

NFTs are an increasingly growing market, and as Visa's head of crypto, Cuy Sheffield, recently shared in a company blog post : NFTs will play an important role in the future of retail, social media, entertainment and commerce. Decade of Dominance? Deloitte Survey Predicts Digital Asset Surge Deloitte's Global Blockchain Survey suggests cryptocurrencies and digital assets will continue its disruption into the financial services industry. Arrrrrg-us: Microsoft Proposes New Anti-Pirate System Technology giant Microsoft have proposed using the transparency of blockchain technology as a potential solution to fight digital piracy.

Cash Remains Preferred Currency For Criminals There has been endless speculation surrounding the safety and legitimacy of cryptocurrencies in recent years, with particular emphasis on their use for criminal activity. The Congressman fired back at Kashkari tweeting: Crypto-based crime represented only 0. Michael Bacina. Jade McGlynn. Luke Misthos. Australia Technology Fin Tech Security.

This issue of Blockchain Bites brings you the latest legal, regulatory and project updates in blockchain and digital law. What are NFTs and what are the legal considerations? Article explores what NFTs are and some legal considerations for this new digital asset. A clear regulatory framework for the digital assets sector in Australia: Bragg Report released Piper Alderman. The final report focuses on key areas affecting the competitiveness of technology, finance and digital asset industries.

Cyber security resilience is a major focus in several areas of new and emerging technology regulation in Australia. The Spam Act: Are your marketing emails considered spam? Clifford Gouldson Lawyers. The Spam Act Cth regulates marketing emails or messages sent by Australian businesses.

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It's accomplished through Australia Post's Post Billpay service, essentially letting you pay for Bitcoin like any other bill. You can check it by simply looking at the current prices on Bitcoin. To see how much difference this is as a percentage, we can can just plug those numbers into a percentage calculator. Spreads naturally aren't exclusive to cryptocurrency. is a trading platform for cryptocurrencies, of Western Australia computer scientist said crypto companies were trying to gain.

Australia Post Accelerator to Test Blockchain’s Applicability

Sustainability is fast becoming the lens through which big business decisions are made. Environmental, Social, and Governance ESG investors are intensifying the sustainability agenda by increasingly applying these non-financial factors to their material risks and growth opportunities analysis. This is driving increasing demand in the market for sustainable assets and adding to upward pressure on prices. Setting a benchmark, Accenture research shows that cloud deployments powered by renewable energy have the potential to deliver carbon emissions savings of 59 million tons of Co2 — the equivalent of 22 million cars. Ultimately, this is presenting a pivotal opportunity for companies with twin goals of business transformation and increased sustainability to achieve their aspirations. WePower is the first in Australia to use public blockchain technology as an incorruptible, transparent and traceable digital ledger in the energy industry, simplifying the renewable energy procurement process. Using blockchain, the company is able to segment renewable energy off-takes into offerings smaller than ever before, dramatically reducing the cost threshold for direct renewable energy procurement and increasing accessibility to renewable energy for community of SMEs.

​Australia Post Accelerator prototyping blockchain potential

blockchain companies australia post

Know-Your-Customer KYC and Anti-Money Laundering AML obligations within the cryptocurrency and blockchain technology industry is something that exchanges can no longer ignore, especially if the platform in question has a gateway that facilitates fiat currency. Under current AML regulations in Australia, cryptocurrency exchanges are required to identify the customers that use their platform. This will most commonly consist of a Government issued ID such as a passport or driving license and in some cases, a proof of address such as a bank statement. The concept involves Australian citizens undergoing a one-time registration process with Digital iD, which once confirmed, allows users to confirm their identity with a click of button.

Before the concept of blockchain became famous in its own right, the talk of the town was Bitcoin. Blockchain, the technology on which Bitcoin is based, is now in the limelight itself, presenting a broader landscape of opportunity that goes well beyond digital currencies.

Australian parents set to spend $2 billion on back to school shopping this year

Blockchain is the technology that enables the existence of cryptocurrency, among other things. A cryptocurrency is a medium of exchange, like the U. Unlike hard currency, however, blockchain is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. Blockchain has potential applications far beyond Bitcoin and cryptocurrency. Blockchain is, quite simply, a decentralized ledger that records all transactions taking place across a peer-to-peer network two or more connected computers that share resources without the use of a server. What makes blockchain a potential blockbuster innovation is that it lets market participants transfer assets across the Internet without the need for a centralized third party—like a bank, for example.

Alibaba Ups Food Safety Down Under via Blockchain

Australians can now pay for their bitcoin at outlets of one of the country's oldest organizations, its postal service. In a collaborative effort between Australia Post and Bitcoin. The postal service will accept cash and card payments for digital currency purchases made via Bitcoin. Australia Post, formerly Postmaster's General Department, is one of the country's longest-running organizations, established as a private entity in with former convict Issac Nichols appointed as its first postmaster. According to the Australian Taxation Office, between , and 1 million residents of the country already own crypto assets. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.

These CPG companies are using blockchain to gain visibility into their supply Alibaba partnered with Australian companies Blackmores and Australia Post.

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Search AFL. The new partnership will see Crypto. The AFL joins some of the biggest sports and entertainment brands in the world to partner with Crypto. McLachlan said.

Australia Post to use blockchain to store identities

RELATED VIDEO: How To Invest In Crypto Full Beginners Guide in 2022

ASX rallies to highest since February last year and bitcoin hits new record high. The All Ordinaries Index put on 0. The ASX index ended at 7,, its highest close since February , before the coronavirus market crash. It reached a daily high today of 7, and is closing in on its record high of 7, reached on 20 February

Now Australians will be able to buy bitcoin through their post office.

Blockchain Jobs in All Australia. Suggestions will appear below the field as you type. Hide classifications. More options. Related Searches. Refine by location.

The blockchain community and ecosystem is growing at an impressive pace within Australia. With some great innovative projects on the horizon using the technology, companies offering incubation, advisory and consulting services relating to the technology are being to pop up quickly throughout Australia. Their hope it to help accelerate the growth of these game changing business models as they recognise the potential blockchain has to revolutionise a growing number of industries and disrupt the existing landscape.

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