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Australian Blockchain Partnership Opportunities with China？
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Australian Blockchain Partnership Opportunities with China?
First let me tell you the definition of blockchain by consulting wiki.
A blockchain – originally block chain– is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains typically a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. Functionally, a blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way." For use as a distributedledgera blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and a collusion of the network majority.
Secure by design?
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralised consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, and documenting provenance.
The first distributed blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
According to ADCA
The most obvious opportunity for Australia is in developing trusted supply chains with certified provenance. High quality Australian agricultural and other exports can be delivered to the Chinese market with a guarantee of authenticity and transparent records of quality. Indeed Australia Post, PWC and Blackmores have teamed up with Ali Baba to explore just such a solution.
Opportunity!
But further opportunities exist incertificationof Australian education exports and in trade finance and export documentation workflow.
To explore these opportunities further, ADCA has been working with Austrade to put together a mission of Australian blockchain innovators to Shanghai that will include working sessions with the China Blockchain Development Forum. This group includes Ali Baba, Baidu, Wangxiang and Ping An Insurance just to name a few.
The goal is to broaden relationships between the Chinese and Australia blockchain communities with the goal of ultimately developing multiple commercial partnerships.
Friends of blockchain in high places!
To support such partnerships and not to be outdone by international opportunities, the Parliamentary Friends of Blockchain Co-Convenors Senator Jane Hume and Senator Sam Dastyari together with ADCA CEO, Nicholas Giurietto, presided at the launch event for the Australian Parliamentary Friends of Blockchain.
Almost 100 blockchainers came to Parliament House in Canberra for the launch of the Australian Parliamentary Friends of Blockchain.
Senator Jane Hume (Liberal, VIC) and Senator Sam Dastyari (Labor, NSW) are the co-convenors of this bi-partisan grouping interested in better understanding the opportunities that blockchain and distributed ledger technology can provide to Australia.
The launch event was attended by industry stakeholders from across multiple industry sectors and ranging in size from start ups to major corporates. The physical presence of so many participants at the event in Canberra reinforced to the Parliamentarians both the strength and diversity of business interest in blockchain technology.
Senators opinions!
Senator Hume noted that "the opportunities for government, academia and the private sector are enormous". Senator Dastyari stated that the "question for Australia is are we going to follow or are we going to lead?"
ADCA CEO, NicholasGiurietto, also addressed the meeting. He noted that "smart countries will take advantage of blockchain technology to renew and strengthen their economies and cement their place among a small group of global economic leaders".
ADCA is delighted to have played a key role incatalysingthe formation of the Parliamentary Friends of Blockchain group. A visit to Washington DC in March 2017 included a meeting with the co-chairs of the US Congressional Blockchain Caucus. We brought the idea back to Australia and were delighted to find enthusiastic sponsors in Senators Hume and Dastyari.
Future events will provide further opportunities to enhance dialogue between policy makers and industry on the many use cases for blockchain technology.
Can we trust it if we can’t really check it by our selfs?
So much from ADCA, but they are not the only onesexitedabout the blockchain technology so are Parliamentarians andwein the news and information industry as well, potentially bye bye fake news.Howeverthere is some way to go before general trust gets the technology of blockchain fully accepted. Sinceitsbased on our fragile digital systems that rust is not really there yet no matter how captivating the logic.
Then there is the issue of records,transparencyand ability to inspect. Although we all want a perfect system, when we actually get it not all of us are enthusiastic anymore. Afterallknowledge is power over others that do not have it, and a perfect records system that is transparent and secureformmanipulation does not appeal to that power aspect. People in bureaucracies are particularly shy when itcometo such implementations.
But what is your view?
Or leave a comment at your leisure!
最后更新：2017-08-28 10:28:13