Blockchain Centre takes part in The Big Umbrella’s ReaL MeaL program

Wednesday 22nd March.

In follow up to our end of year fundraiser where we raised over $1400 for The Big Umbrella, Blockchain Centre community members took part in TBU ReaL MeaL activity to help show our friends on the street the #biglove The Big Umbrella Foundation are are famous for.

It was a massive night with over 200kgs of rescued food from friends of TBU OzHarvest Melbourne.

Thanks everyone for a great night and a big shout out to Alastair MacGibbon, the Prime Minister’s Senior advisor on cyber security for joining the Blockchain Centre team for this great experience and helping us to give back to society.

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FinTech Victoria

The Blockchain Melbourne Community Keeps Growing

The inaugural Hyperledger Melbourne meetup shows that the Victorian blockchain community is vibrant and GROWING.

Another full house event at The Blockchain Centre

Creating a centre of gravity around a Fintech vertical is hard work. That’s why it’s so impressive what the Blockchain Melbourne team have been able to achieve over a very short period of time. They have taken what 2 years ago was thought to be a esoteric niche and built a vibrant community around their passion for the vertical.

With the hosting of first Hyperledger Melbourne meetup they have shown that Victoria has a real hunger for blockchain tech — and it’s just getting started.

On the night we heard from Matt Lucas from IBM’s Blockchain Global Enablement team about the Hyperledger project, the road ahead for it, the Blockchain trends he is observing locally and globally and the work IBM are engaged in with clients around the world. It was a insightful talk that everyone in the room really enjoyed. Most found the demo of a live app on IBM’s blockchain as a service (BaaS) to be hugely instructive as to how easy it now is to deploy a chain to production.

The Hyperledger Meetup Melbourne team have another massive event in the works already! So sign up to the meetup to ensure you don’t miss the next event.

 

This article is referenced from fintechvictoria. 2017. The Blockchain Melbourne Community Keeps Growing. [ONLINE] Available at: https://medium.com/fintech-victoria-blog/the-blockchain-melbourne-community-keeps-growing-cf38863d6912#.ypwm4rcwn. [Accessed 22 February 2017].

FinTech Victoria

Victoria: The Home Of Digital Currency In Australia

The Blockchain Melbourne meetup group hosted an event to discuss the opportunities and challenges of operating a digital currency exchange in Australia. The event showed once again that Victoria really is the home of digital currency in Australia.

Another full house for the February Blockchain Melbourne meetup

If you’ve been paying attention to the recent price rise in bitcoin you might think that running a digital currency exchange is all ‘rainbows and skittles’. However, this couldn’t be further from the truth.

In fact, it can be a complex proposition — having to navigate an uncertain regulatory landscape, working with financial institutions that closely scrutinize your risk profile and having to build a platform that can withstand highly motivated hackers isn’t easy.

These are just a few of the topics we explored at the February Blockchain Melbourne meetup.

To really deep dive on what it’s like to run a digital currency exchange we invited our friends from CoinJar, Coinloft, Cointree and Buy A Bitcoin to talk about what it’s like to run a digital currency exchange in 2017.

A great conversation about the challenges of running a digital currency exchange

The panel session highlighted some of the ongoing issues the industry faces in Australia. The panel called out regulation as an ongoing concern. More specifically, most on the panel highlighted regulatory uncertainty as a major issues in building a digital currency startup in Australia. Having said, this most were still bullish on the industry and could definitely see further growth opportunities.

A slightly more esoteric issue that was discussed by the panel was the ongoing issues that exchanges face with the lack of scaling of the bitcoin blockchain. It was noted by one exchange that they paid $10,000 in mining fees in January.

For the uninitiated, mining fees are a tax that those transacting on the bitcoin network pay to have a transaction entered into the bitcoin blockchain. The bitcoin blockchain has suffered from a clogging issue due to the size of blocks (currently 1mb). To ensure a transaction is recorded on the bitcoin blockchain those transacting can choose to pay a higher mining fee and this is a what exchanges are doing to ensure their customer’s transactions are recorded promptly ‘on chain’. This is proving to be a topical issue for the industry as many call for the block size to increase to accomodate, essentially, more transactions.

Beyond being a highly informative panel session, the event highlighted the depth of digital currency startup talent in Victoria. With 4 major digital currency companies located in Victoria it again highlights that this is the home digital currency and blockchain tech in Australia.

Also, it’s worth highlighting the fantastic work of the Blockchain Centre in supporting the event and the continuing to champion the industry in Victoria.

Make sure you sign up to the Blockchain Melbourne meetup to keep up to date with the latest events and news in Blockchain tech here in Victoria.

This article is referenced from fintechvictoria. 2017. Victoria: The Home Of Digital Currency In Australia. [ONLINE] Available at: https://medium.com/fintech-victoria-blog/victoria-the-home-of-digital-currency-in-australia-a722911b7e25#.89uy5o7rz. [Accessed 1 March 2017].