CIO

Aussie start-ups offer bite of the blockchain in Big Apple


Two previous Australian mission participants – Power Ledger and Tide –  are presenting at this year's show.

Patent applications for blockchain related innovations are booming worldwide and Australia is “punching above its weight” according to a December report from the ACS and IP Australia’s Patent Analytics Hub.

While inventors from the United States and China dominated the list of patents, Australia ranked sixth in terms of the number of ‘patent families’ filed by Australian firms and individuals.

"The potential for blockchain technology to rewire our digital infrastructure and challenge how we interact with data and assets has created significant global interest and opportunity," New York based Austrade trade and investment commissioner Gareth Simpson told CIO Australia.

"With a sophisticated financial services sector, a robust regulatory framework, and an open approach to collaboration, it’s no surprise that Australia is home to some of the most well-known use cases of blockchain technology," he added.

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