News, updates, and community posts
Blockchain Global to power NEM exchange – Special Community Event
6:00PM July 27, 2017
Bitcoin might get all the headlines but one of its lesser known compatriots in the cryptocurrency world, NEM, has turned to Australian expertise for a leg up.
Melbourne-based Blockchain Global is set to power a dedicated cryptocurrency exchange platform built exclusively for NEM, which has a market share of $1.5 billion and is the sixth most valuable blockchain token in the world.
Launched in 2015, NEM is a peer-to-peer cryptocurrency and Blockchain platform and the organisation in charge of spreading the message — NEM.io Foundation — is on a $40 million mission to expand NEM’s global reach.
The initiative has already seen the foundation and Blockchain Global recently open a Blockchain Centre in Kuala Lumpur Malaysia to act as a co-working space and incubator for blockchain companies.
The exchange is the next step in the unfolding strategy, according to the foundation’s president Lon Wong, who added that NEM is better placed than a host of other lesser known cryptocurrencies when it comes to challenging Bitcoin and Ethereum.
“Bitcoin is just a stored valued, it hasn’t got much utility beyond that,” Mr Wong said.
“If you’re talking about Ripple, it’s a very application specific technology in terms of it’s more for correspondent banking. And when you look at Ethereum it’s a world computer system, which is basically a network of machines that is set up to execute programming code and business logic.”
“NEM on the other hand, is a blockchain technology that enables transaction in a more enhanced and better featured solution as opposed to what Bitcoin, Ripple and Ethereum offers,” he added.
Unlike Bitcoin, which is currently trading at $3,200 per unit, NEM is worth 15 cents per unit.
Blockchain Global previously built ACX.io, Australia’s largest Bitcoin exchange by volume with over $600m worth of bitcoins traded to date, and company CEO Sam Lee said that NEM has some distinct features that are likely to help with adoption.
“The NEM exchange is the world’s first platform built for a foundation in the blockchain space allowing for better cross market price discovery for tokens created using the NEM platform,” Mr Lee said.
“NEM, unlike Ethereum, is a more developer friendly blockchain because it enables programmers to build without learning an entirely new programming language.”
The exchange will be built by white-labelling the technology powering ACX and according to Mr Lee, allow NEM Foundation to take full control of developing its smart asset offering.
“Blockchain technology is poised to revolutionise the way we transact and disintermediate middlemen on a global scale, so we’re looking forward to pioneering the growth of dedicated cryptocurrency exchanges like this one,” he said.
This post was taken from ‘The Australian’ publication, written by Technical Editor, Supratim Adhikari. Follow Supratim on Twitter – @SupratimA
NEM Foundation training day for Blockchain Global and Asta
Thursday, 27th July 2017
This special training day event was held at the Royce Hotel on St Kilda Road and co-ordinated by Jason Lee who’s been working with us on strategic alliances, partnerships and global expansion.
The Global President of the NEM Foundation Lon Wong and the leadership team presented to us on Blockchain and Cryptocurrency.
We strongly believe these technologies will play a significant role in our lives over the coming years. This was an event in partnership between Asta, NEM Foundation and the Blockchain Centre.
About the speakers:
Lon Wong, Founding President
Kuala Lumpur, Malaysia & Sydney, Australia
Lon Wong is the Founding President of the NEM.io Foundation overseeing much of its development of its early years and its current strategic growth. With more than 30 years of serial entrepreneurial experience throughout the years, he was involved in businesses spanning from engineering consultancy, software development, networks, to ISP wireless broadband business. He has exited as least 4 of these businesses after having nurtured and grew these businesses to commercial success and sustainability. In addition to his mechanical & electrical (M&E) practice, he actively served as the Vice-President of the Association of Consulting Engineers, Malaysia where he has published engineering articles on various engineering and computer topics. He is also a member of the Malaysian National Council for a building-integrated photovoltaics project. As a social impact investor, he stills have an interest in and supports an autism centre in Petaling Jaya, Malaysia.
Lon has been instrumental in some of the designs of the NEM blockchain technology and have written much about it, including publishing two papers on the technology. He has filed a patent on the utilisation of the blockchain as a representation of fiat money and have spent at least 4 years fulltime in the development of the blockchain project. Lon is very knowledgeable on the utilisation of blockchain solutions and is undeniably one of the world leaders in the utilisation of the technology.
Lon holds a Bachelor of Engineering with Honours in Electrical Engineering from the University of New South Wales, Australia and today travels extensively to promote the NEM blockchain to enterprise, governments and academia across the globe.
Jeff McDonald, Founding Member & Vice President
Oklahoma, USA & Daegu, South Korea
Jeff McDonald is an academic with over 15+ years of experience in the field of education with a Master of Arts, Ethics & Religious Studies and Communications (Peace and Conflict) from the University of Kansas and a Bachelor of Arts, Psychology from Oklahoma State University. Originally from Oklahoma, Jeff resides in South Korea where he worked as an assistant professor at Keimyung University from 2008-2017.
He currently serves as the Vice President and Council Member for the NEM.io Foundation managing and overseeing the operations and administrative coordination for the organisation. He is also tasked to oversee the NEM community relations with focus on building the adoption of the NEM blockchain technology in various sectors globally, as well as to promote and market the cryptocurrency of NEM.
Blockchain Centre, Blockchain Global and DTI represent the Australian Blockchain Industry- Consensus NYC 2017
Monday 24th July.
Consensus NYC 2017 was the world’s largest conference in Bitcoin and Blockchain history with over 2500 people in attendance at the Marquis Hotel, Times Square, NYC.
CEO Sam Lee and venture partner Jayden Wei represented Blockchain Global while Martin Davidson represented the centre’s education. coworking and community event activities. One other centre member to be part of the Austrade delegation was DTI (Distributed Technologies Institute) Founder and CEO Josh Buirski.
The conference was a huge success, not only due to it being fuelled by an enthusiastic, energised and bullish crypto market reaching all time high valuations, but by offering the opportunity of Blockchain business networking with key players from all over the world.
From Bitcoin Core developers, alt coin developers, venture capitalists, politicians, lobbyists, bankers, libertarians, crypto anarchists, social change makers, crypto billionaires and everyone in between, it truly was a unique experience and a memorable moment in time of the industry’s evolution.
Congratulations to all the Australian Blockchain businesses who were invited to represent Austrade at the conference.
Blockchain Centre was proud to contribute with 3 of its member businesses to the delegation and we look forward to supporting more Australian Blockchain trade missions.
We would like to recognise and thank the hard work and very long hours put in by Nick Giurietto from ADCCA and Alan Tsen from Fintech Victoria and Blockchain Melbourne Meetup organiser, who were instrumental in making this event happen.
What was the Austrade Blockchain mission about?
The Australian Blockchain delegation to Consensus 2017, was an initiative of the Australian
Trade and Investment Commission (Austrade), in partnership with Data61, and the New South Wales State Government and the Victorian State Government.
The size and scope of the delegation demonstrated Australia’s leading role in the adoption of blockchain technologies.
The Australian blockchain delegation to Consensus 2017 provided an outstanding opportunity to collaborate, learn and build partnerships with leading industry players, investment groups, academia, and likeminded startups. The Australian companies joining the mission have innovative solutions across the spectrum of industry applications, from digital currencies to smart contracts and identity management.
Monthly Bitcoin Blockchain 101 Workshop – attendees go through the (One) Roof!
Monday 24th July.
Since November 2014, the Blockchain Centre has been the home of Bitcoin and Blockchain education, coworking and community events in Australia.
As the ecosystem has grown, so has interest in blockchain technology and our education workshops. It’s now reached the point where our own events space which holds up to 80 people is no longer big enough for some of our events! Fortunately, we’re literally next door the very awesome Oneroof womens coworking and events space meaning we’re able to host bigger events to accommodate the growth in numbers.
A big thank you to Oneroof for their support of the growing Blockchain Centre community and business ecosystem.
So whats the Blockchain 101 workshop all about?
For those of you who’ve heard about Bitcoin or the Blockchain, but have never bought bitcoin or experienced blockchain technology, then this workshop is designed for you!
You’ll learn the basic essentials everyone should know before using Bitcoin and blockchain tech in a safe and secure manner.
Organisations such as schools, government departments and the world’s largest corporations and technology providers are researching, developing projects and investing into Blockchain Technology.
This workshop is hosted on 3rd Wednesday of each month, from 6 – 7pm by Martin Davidson, Global Director and CEO of Blockchain Centre.
After the workshop, you can join the tribe and mingle with our Meetup regulars for the weekly ‘Talk and Trade Bitcoin’ at the Blockchain Centre events space and also outside at ‘Satoshis’ BBQ and refreshment deck area.
Be sure to keep up to date with all our upcoming events on the Blockchain Centre Meetup group page. Join here: https://www.meetup.com/blockchaincentre/
Martin and the Blockchain Centre team.
Biggest ever Blockchain Centre event featuring Andreas M. Antonopoulos
Monday 24th July.
This was without doubt the Melbourne Blockchain and Blockchain Centre Meetup community’s biggest and most successful event in history.
Arguably the world’s most engaging and thought provoking bitcoin and blockchain speaker and author of not one, but two specialised industry books, Andreas delivered yet another memorable presentation.
Blockchain Centre would like to thank everyone (all 250 of you!) who attended this event at the very awesome Oneroof events space and a big thank you to everyone who donated to help The Big Umbrella and the Bean Good Cafe social enterprise.
The final total raised for The Big Umbrella was $2250 which was our biggest charity fundraiser to date. We look forward to more fundraising to help the The Big Umbrella in the work they do.
This event would not of been possible without the ongoing support Blockchain Centre’s main corporate sponsors and official partners Blockchain Global and IBM Australia.
We would also like to thank www.acx.io, Brave New Coin, Get Paid in Bitcoin and Airbitz for their support of this event
An additional thank you to Bitcoin.com.au for their extra donation to The Big Umbrella fund raise.
For those who missed the event in person, or for those of you wishing to relive the experience, you can view Andreas presentation from the night on his YouTube channel.
To learn more about the great work The Big Umbrella do and how you can help them, visit: http://thebigumbrella.org/
Be sure to keep up to date with all our upcoming events on the Blockchain Centre Meetup group page. Join here: https://www.meetup.com/blockchaincentre/
Press Release Blockchain Centre & IBM
Blockchain Centre and IBM collaborate to help Australian developers and start-ups drive innovation
Melbourne, Australia, May 3rd, 2017: Blockchain Centre announced it is working with IBM to expand the blockchain ecosystem with a program that assists Australian developers and startups to collaborate and build solutions for new blockchain businesses.
Established in 2014, based in Southbank, Melbourne, the not for profit organisation Blockchain Centre has become the home for blockchain technology in Australia and having conducted hundreds of free education workshops and industry focused community events.
As the world’s first blockchain knowledge hub, the Blockchain Centre offers education, community events and outreach activities. It is also home to more than 15 companies which include some of the most innovative and profitable blockchain start-ups in Australia. One such start-up incubated at the Centre is Australia’s largest blockchain asset backed exchange, ACX.io (https://acx.io/), powered by IBM Bluemix cloud infrastructure services.
Blockchain Centre founder and Blockchain Global CEO Sam Lee said, “It’s great to have IBM see value in the ecosystem we’ve built up over the last three years by engaging global blockchain talent through our centre. With our company’s expanding global footprint and strengthening our collaboration with IBM, we look forward to establishing Blockchain Centres in more locations around the world.”
Blockchain Global (http://www.blockchainglobal.com/) have sponsored the Centre’s operations since its launch in 2014. They are Australia’s most well-known blockchain company managing a corporate consulting division, an incubator funding program for new blockchain startups in addition to operating international blockchain auditing and network infrastructure services.
Other resident businesses at the Blockchain Centre include Brave New Coin (http://bravenewcoin.com/), Blockchain Edu Foundation (http://blockchainedu.foundation/) and Distributed Technologies Institute (http://dt.institute/).
Blockchain Centre Community Manager Martin Davidson said, “These are very exciting times for the rapidly expanding blockchain ecosystem. Our mission has always been to share blockchain education with all members of society by creating a physical space known as a blockchain knowledge and community hub. Blockchain Centre brings together like minded and passionate blockchain enthusiasts and entrepreneurs to collaborate on new blockchain businesses.”
“We are proud to collaborate with IBM as we consider them like us, pioneers leading the blockchain revolution. IBM’s Blockchain Garages are building solutions for enterprise and their support of the Linux Foundation’s open source Hyperledger Project offers the developer community open access and transparency to contribute on numerous blockchain projects and applications across many different industry verticals.”
“Blockchain is a new technology that enables businesses to interact and work together with a lot more trust by empowering organisations to digitise transaction workflow through a highly secure, shared and replicable ledger. IBM is at the forefront of this technology and offers clients the full stack of blockchain solutions to meet their specific industry needs. Through our collaboration with the Blockchain Centre, IBM will continue to help developers and startups build solutions that will solve real business problems across industries and drive innovation,” said Amanda Johnston-Pell, Chief of Startups, IBM Australia and New Zealand.
IBM is the second sponsor and partner alongside Blockchain Global to support Blockchain Centre operations.
Blockchain Global CEO Sam Lee interviewed on Sky News Business
Blockchain Centre founder and Blockchain Global CEO Sam Lee was interviewed on Sky News Business this week discussing the blockchain ecosystem and Bitcoins new all-time high price.
ACX 1st Anniversary and Mango Markets Launch Party
Wednesday 26th April.
Blockchain Centre’s resident Blockchain backed asset exchange, ACX celebrated its first year of operations announcing over AU $600 million in bitcoins traded to date.
In just one short year, ACX has rapidly grown to 70% of the Australia bitcoin exchange market share by offering customers the most liquidity, deepest order book, lowest price and zero % trading fees when buying and selling bitcoins.
We wish the ACX team continued success in growing the Bitcoin and blockchain market here in Australia. To join Australia’s fastest growing Bitcoin exchange platform, visit- https://acx.io/
To coincide with ACX’s 1st-year birthday celebrations, founder and CEO Alejandro Betancourt announced the launch of Mango Markets, a new Venezuelan Bitcoin exchange which uses the power of the ACX.io white label Blockchain asset-backed exchange solution.
If you’re interested in starting an exchange in your country or region or to find out more about the ACX blockchain asset-backed exchange white label solution, please email- firstname.lastname@example.org
Wednesday 22nd April.
This is was a one off special event at Blockchain Centre for the Blockchain, Fintech and startup community to hear about business opportunities in Hong Kong and beyond Australia.Associate Director-General Mr. Charles Ng and his team from Invest Hong Kong was here at the Blockchain Centre to share about business opportunities in Hong Kong and using Hong Kong as a platform for Asia and global markets, in particularly for financial technology start ups.
Associate Director-General Mr. Charles Ng and his team from Invest Hong Kong was here at the Blockchain Centre to share about business opportunities in Hong Kong and using Hong Kong as a platform for Asia and global markets, in particularly for financial technology start ups.
Mr. Charles Ng leads the Startmeup HK programme which aims to promote Hong Kong as a premier startup destination in Asia, attract overseas entrepreneurs to the city and help to build it into a leading destination and hub for innovation and entrepreneurship.Thanks to everyone who attended this really interesting event and
Thanks to everyone who attended this really interesting event and a big thanks to our special guests, Charles Ng and his Invest Hong Kong team.
Here’s the link to access his presentation on the unlimited opportunities for startup businesses in Hong Kong now, and into the future.
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.
If you’d like your organisation to take part in this awesome program, visit- http://thebigumbrella.org/projects/arm_corporate_team_building/
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.
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.
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.