Thursday, 19 November 2015 22:36

Sydney to host international blockchain workshops

COALA co-founder Constance Choi COALA co-founder Constance Choi

A roundtable for regulators, designed to address the significant uncertainty about the regulatory treatment of digital currencies, such as Bitcoin, and blockchain technology will be a key feature of the upcoming international blockchain workshops to be staged in Sydney in December.

The Sydney workshops are the fifth in a series of global events held by COALA (Coalition of Automated Legal Applications) and will take place between 7 and 10 December. Corporate partners for the Sydney workshops include Commonwealth Bank and Hewlett Packard.

A blockchain is a public ledger of all Bitcoin transactions that have ever been executed and is constantly growing as 'completed' blocks are added to it with a new set of recordings.

“From New York to London, Dubai to Singapore, and Brasília to Sydney, governments are beginning to realise blockchain technology represents fundamental infrastructure and are in various stages of addressing how the appropriate policy and rules can enable both innovation and governance goals,” COALA co-founder Constance Choi said.

“The Blockchain Workshops, among other things, facilitate global innovation by engaging and educating stakeholders and enabling the establishment of better regulation through a clearer understanding of the global policy framework with open dialogue from diverse experts, academics and innovators.”

Choi said an international line-up of blockchain experts will speak at the Sydney workshops.

Commonwealth Bank Group Executive and CIO David Whiteing said the event offers a “unique opportunity” for Asia-Pacific regulators, government officials, academics and technologists to hear from some of the world’s leading blockchain academics and experts.

“The conference provides both entry-level education and in-depth discussions about the huge potential of distributed ledgers and the resulting economic, commercial, legal and social policy questions.

“Blockchain has the potential to transform banking in the way that the internet transformed how we buy music and watch movies. It’s an exciting time in the development of this technology and our involvement means Commonwealth Bank is set to be at the forefront of this in Australia for the benefit of our customers.”

Hewlett Packard Enterprise Fellow and Chief Technologist Financial Services, Daniel Biondi, said Blockchain has a promising future and could “transform the financial services industry – potentially overhauling a legacy global banking system leading to much faster payments, including streamline B2B payments.”

“Bringing the whole ecosystem of stakeholders together through intellectual discussions along with the additional exploratory sessions from the Blockchain Workshops, will shed new light on how we can tap into this knowledge. Ultimately, this conference will help the industry to create proof of concepts and understand the business processes that we could potentially address first.”

To learn more about the Sydney Blockchain Workshops click here.

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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