Parliamentarians eager to “press the accelerator” on blockchain adoption with new bipartisan group

Federal Labor and Liberal parliamentarians have put political differences aside and joined forces to support Australia’s burgeoning blockchain sector, with the first meeting of the Parliamentary Friends of Blockchain group held in Canberra this week.

The development comes as the value of bitcoin — a digital ‘cryptocurrency‘ built on the blockchain — is currently experiencing record highs, with the price per bitcoin soaring to $4,251 at the time of publication, compared to less than 10 cents per bitcoin in 2010.

Labor Senator Sam Dastyari and Liberal Senator Jane Hume have been instrumental in convening the group, which came together at the event at Parliament House along with more than 100 industry stakeholders across government, corporate and startup sectors, according to a statement from the Australian Digital Commerce Association (ADCA).

Nicholas Giurietto is the chief executive of ADCA, the industry body for Australian business investing in the blockchain, and was a key player in bringing the blockchain group together.

“I met with the US congressional blockchain caucus leaders in Washington in March, and thought, ‘this is a great idea’. We went to our contacts in the Australian Parliament, and Senator Hume and Senator Dastyari agreed,” Giurietto tells StartupSmart. Read more

Angela Castles – Smart Company – 10 Aug 2017