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.
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.