Wanted to start a thread of my home country, Australia and what we are getting up to locally around Blockchain Technology. Please excuse our fairly “unique” Government which goes “Full Retard” on occasion, they do not represent the average countryman.
I would like to start the thread with a little news around the Sydney University of Technology and a small group of technology scientists who have created something a bit more unique in concert with the CSIRO (Commonwealth Scientific and Industrial Research Organisation of Australia - A Govt Sponsored entity which holds the majority of Australian Patents, including the patent on WiFi - which was developed by the CSIRO!)
To the more interesting subject:
and the whitepaper:
The Team have successfully demonstrated the processing of over 700,000 transactions per second, which far exceeds any other project (and even VISA), that I have seen and did it on 100 virtual machines. The Blockchain technology is also un-forkable and is capable of reaching consensus even when under attack or during multiple failures using a binary Byzantine consensus algorithm.
There is some really unique innovation in this blockchain technology and it is not the only project like this in Australia. Best of all, this is not an entity trying to go to market with something everyone else is doing, its a RnD group first and foremost. However, as with most projects that go like this through the CSIRO, they will patent the technology.
As I find more interesting things in my country, I will try and keep the thread going.