Australia Crypto Research and News




  • A decentralised supply chain management system to track product from mine to market using blockchain technology.
  • Provides confidence on quality and facilitates compliance with ISO 26000 on social responsibility.
  • Use of RFID tagging and Smart Contracts provides reliable pricing data and transaction history thereby providing efficiency and transparency.
  • Creates greater commercial opportunities for the demand of Hastings Mixed Rare Earth Carbonate (MREC) globally.

Hastings Technology Metals Ltd (ASX:HAS) (Hastings or the Company) is pleased to advise that the Company has embarked on the development of a Supply Chain Platform using blockchain technology.

The Hastings Blockchain-enabled Supply Chain Platform uses blockchain technology to trace and track Mixed Rare Earth Carbonate (MREC) produced from its Yangibana mine to its customers. The transparent tracking provides confidence to consumers as to the quality and viability of MREC from the Yangibana mine which meets ethical, environmental and responsible standards of production. The Platform will now enable users to certify the source of origin of Hastings MREC footprint.

Charles Lew, Hastings Executive Chairman, said “The Hastings Blockchain-enabled Supply Chain Platform is a decentralised supply chain management system. It is a game changer for current supply chain relationships. Using RFID tagging technology and IOT for digital smart contracts, this innovative Hastings platform will in future form the basis of providing numerous advantages to mining companies, commodities traders, manufacturers and consumers in compliance with ISO 26000 and meets the demands of ethical mining, environmental awareness and source of origin of the raw material.

This technology will provide Hastings with significant commercial and financial opportunities as we move forward to bring the Yangibana mine into production”

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This supply chain jazz +RFID is some of my favorite blockchain music. Course they could be full of shite…but still

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18-122MR ASIC takes action on misleading or deceptive conduct in ICOs

ASIC is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs). These offers can involve significant risks for investors that are often not disclosed or well understood.

How ASIC is using the law

In one recent example, ASIC took action to protect investors where we identified fundamental concerns with the structure of an ICO, the status of the offeror and the disclosure in its white paper. In addition to potentially misleading statements in the white paper, the offer was an unregulated managed investment scheme. This means the offeror would have been in breach of the relevant provisions of the Corporations Act had the offer proceeded, potentially leading to serious penalties under the Act.

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I’m going into Bankorus ICO guys. That’s gonna be big. Will write a preview tonight.


Alibaba pilots blockchain trial for supply chain transparency with Australian products

Aussie vitamins brand Blackmores and dairy company Fonterra have signed a memoradum of understanding with Alibaba, alongside Australia Post and New Zealand Post, to help the company trial its new supply chain network.

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Fatfish Internet to Spin Out and Invest into Blockchain Fund-of-Funds Manager, Epsilon Capital

Fatfish Internet Group Limited (“Fatfish”, the “Company”) (ASX: FFG) is pleased to announce that it has incubated and will be spinning out Epsilon Capital Management Ltd (“Epsilon Capital”), a UK based fund manager as an independent fund management business that specializes in managing investment funds for the blockchain and cryptocurrency sector.

Epsilon Capital is seeking to be amongst the first ‘fund-of-funds’ in the world that will be investing exclusively in the blockchain and cryptocurrency ecosystem, through leading hedge funds and venture capitalists.

Fatfish will receive 10% of Epsilon Capital initially for incubating the business but is looking to invest US$500,0000 (A$660,000) for a further 10% shareholding, giving it a total shareholding of 20% in Epsilon Capital. A Fatfish representative will join Epsilon Capital’s Board of Directors to combine the blockchain and cryptocurrency experience of the Fatfish, with the global expertise of the Epsilon Capital co-founders in corporate finance, fund management and investment banking and capital markets.

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Australia’s biggest bank has lost the records for 20 million accounts

Two Data Archive tapes have been misplaced and may contain sensitive information of Australian citizens, by the Commonwealth Bank of Australia.

The Archive tapes lost, did not contain passwords, but does contain customer names, address and other details which may be used for identity theft.

It is currently unknown if the Data Archive Tapes were encrypted.

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Shopping centre solar roll-out claims biggest PV array, biggest battery

ASX-listed retail asset manager Vicinity Centres has announced the roll-out of more than 11MW of commercial solar in a $28 million project that will incorporate five shopping centres across two states.

Vicinity said on Tuesday that the $28 million project would install a total of 11.2MW of solar on the rooftops and as car park shading at shopping centres in Western Australia and South Australia – enough to generate 17.4GWh of energy a year.

That’s enough power to send 14 Delorians Back to the Future!

The first stage of the massive commercial solar project, set to begin next month, will see panels installed at Castle Plaza, Elizabeth City Centre and Kurralta Park in South Australia and Ellenbrook Central and Currambine Central in Western Australia.

And according to Vicinity, the project will gather a few new records for the Australian commercial solar and storage industry.

The retail asset company is purportedly investigating the use of Power Ledger (POWR) for the trade of power into the grid.

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The Australian Government Is Spending $700K On Blockchain Research

The cost of the research will come from the existing Digital Transformation Agency budget.

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Australia invests $68M on digital identity, blockchain projects

According to the DTA, another AUD 92.4 million (USD 68.8 million) is allocated for digital identity, a project called Govpass.

“The 2018–19 Budget will invest in key platforms and technology to improve people’s experience of government services online, including digital identity and blockchain,” the DTA wrote.

The DTA says that this project will be pilot tested by over 500,000 people through eight high-volume government service agencies over the next year.

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Arn’t we all just a number?


Australian Government goes bigly on Blockchain Technology

The Australian Government is banking on Blockchain technology to deliver efficiencies within the Government services for the future.

This includes:

These projects could see the AUD$5.3T in transactions, currently performed on legacy systems, moving to blockchain technology over the next 4 years.

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Commonwealth Bank CFO gets the FOMO hard and bails for EOS :joy:


New York Mission to showcase Australian leadership in blockchain

Participating companies and organisations include:

  • DigitalX – the leading cryptocurrency investment bank and the world’s first publicly listed blockchain technology company
  • Blockchain Global, a venture builder which has invested in more than 50 blockchain-enabled businesses, including DigitalX;
  • Blockchain Centre, Australia’s largest blockchain community and the world’s first not-for-profit knowledge hub looking to expand its co-working spaces across 20 locations globally
  • E-Nome, developing blockchain-based health and clinical trial systems to enable the sharing of health data securely and anonymously, empowering consumers to control their own information
  • Civic Ledger; providing digital tools to make people’s interactions with governments easier, faster, more secure and transparent; and
  • Enosi, developing an open-source, decentralised exchange platform that will enable customers to trade rooftop-generated energy with their community


Latrobe Valley virtual microgrid could allow dairy farms to trade energy via blockchain
Latrobe Valley dairy farmers could be buying and selling locally generated renewable energy using blockchain, thanks to a study funded by the Australian Renewable Energy Agency (ARENA). On behalf of the Australian Government, ARENA today announced $370,000 in funding for a feasibility study into a ‘virtual microgrid’ for the Latrobe Valley

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Welfare payments in Australia could be delivered over blockchain

“Our plan is to look for use cases across the Commonwealth with an initial focus on the welfare payment delivery system, then working with our digital service standard, we’ll conduct user research with a view to having a prototype by the end of next financial year,”

The DTA was given AU$700,000 to explore distributed ledger technology as part of the 2018-19 Budget last week, and according to Brugeaud, it gives the innovation agency an opportunity to explore innovative ways to securely and efficiently deliver government services using blockchain.

Fintech Australia’s new CEO is Brad Kitschke, Uber’s former government lobbyist

“As an industry body, Fintech Australia is supportive of blockchain technology and we see Australia as a world leader in that space.”

Regarding cryptocurrency, he said there’s been a holdup in crowd-funding platforms such as initial coin offerings (ICOs) in Australia due to increased regulatory oversight.

“Part of our role in cryptocurrency will be in debunking the myths about use-cases and providing trusted advice to consumers,” he said.

These Aussies are flying the flag at the US’s biggest crypto and blockchain conference

  1. Blockchain Global
    Sam Lee is the founder and CEO of Blockchain Global and has led the company to complete the incubation and investment of more than 60 blockchain technology start-up companies.

  2. Apollo Capital
    Apollo Capital prides itself on being Australia’s premier crypto fund – with investment decisions led by Henrik Andersson. Henrik has contributed his insights to Stockhead – first on regulation, then ICOs and valuation.

  3. Blockgrain
    BlockGrain is currently running Australia’s first agricultural Public Token Sale after raising over $3.5 million during a private sale event that involved more than 1000 everyday investors.

  4. Enome
    E-Nome is a Sydney-based start-up led by a group of experienced industry professionals from healthcare management, healthcare IT and business backgrounds. E-Nome is developing a patent pending blockchain based health data and clinical trial software system that empowers the consumer to take control of their health and genomic data.

  5. Civic Ledger
    Founded in 2016, Civic Ledger is an Australian civic-focused blockchain company that aims to help governments solve complex business processes by digitising operations and services using blockchain technologies.

  6. Havven Australia
    Havven is a decentralised payment network and stablecoin designed to enable everyday cryptocurrency purchases — and earlier this year raised $38.6 million to build it. It aims to provide a solution to the volatile crypto market by providing a tradeable digital coin with stable value.

  7. Power Ledger
    Power Ledger is a peer-to-peer marketplace for renewable energy — and one of Australia’s most successful ICOs. Dante joined the team earlier this year and spoke on the “Decentralised Electric Infrastructure” panel on Tuesday.

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Blockchain and the supply chain

A session on blockchain was the first topic discussed at the Australian Logistics Council’s inaugural Supply Chain Technology Summit. It’s a big, new(ish), interesting, and controversial topic.

The scope of blockchain in supply chains
Christopher Berg thinks that blockchain is a valuable tool for supply chain management because, boiled right down, “… supply chains are an information problem".

The main use cases / justification for blockchain use in the logistics sector are:

  • Provenance
  • Recognising ownership of assets
  • Keeping track of who did what when, and can that record be trusted?
  • Managing counter-party risk between multiple parties

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Great thread Mike. Thanks for the outstanding effort, insight and output! Much appreciated fellow Aussie


Great posts. Keep up the good work!

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A much faster blockchain: Australian scientists have it

The latest test from the University of Sydney’s Red Belly block chain shows that it can process financial transactions 50% faster than anticipated, outperforming market leaders, including VISA, to make payments around the world.

Dr. Vincent Gramoli, director of the Concurrent Systems Research Group that develops this block chain, says that the tests carried out in the last three months showed that the performance of the technology improves as the network is scaled.

“With the latest tests it was shown that the Red Belly block chain can process more than 660,000 transactions per second on 300 machines in a single AWS data center,” Gramoli told Business Insider in May. “This is a considerable improvement compared to the tests carried out at the beginning of the year, which showed, at that time, that our blockchain achieved a performance of more than 440,000 transactions per second on 100 machines.”

The VISA network has a maximum capacity of approximately 56,000 transactions per second, and the Bitcoin network is limited to around seven transactions per second.

In Australia, several companies are pioneers in the use of blockchain.

Earlier this year, ANZ Bank and Westpac successfully used the block chain in place of paper to obtain bank guarantees on the lease of commercial properties.

The use of blockchain means that it is possible to demonstrate where the information comes from and where it is going, creating a new economic activity in areas such as financial services, supply chains and government activity records.

Data61, a project of Australia’s leading scientific organization, CSIRO, has been investigating how blockchain technology could be adopted in the country to offer productivity benefits.
And ASX, the Australian Stock Exchange, is also looking to replace its current stock compensation and settlement system, CHESS, with this technology.

The Red Belly chain of the University of Sydney is being built to be implemented in both public and private contexts, and would end up being used by Internet users as well as in a restricted business environment.

This new chain of blocks differs from the others that use PoW in that it offers a scalable performance without consuming too much electrical energy. Red Belly guarantees the security of hundreds of thousands of transactions per second from a potentially unlimited number of clients.

Gramoli says that the next stage of the blockchain Red Belly contemplates making it available to the public for all users of the web.

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The Blockchain Powered Future Social Network to Revive Small Local Businesses

In today’s economy, trends towards globalisation and the centralisation of wealth have resulted in the decline of small local businesses. FlipNpik intends to drastically alter this by fundamentally changing the way in which local businesses engage with customers. FlipNpik will be a new social media platform which will utilise new blockchain technologies enabling them to reinvent and develop new ecosystems where the creation of value is generated between consumers and businesses.

More Information at:

FlipNpik is inspired by existing participatory economic models and proposes an Ecosystem that favours the creation and sharing of value in the service of local businesses. Their vision extends to allow local businesses to create and retain a strong position at the heart of their social scene, combined with control over not only their reputation but digital identity.

This revolutionary platform will use what is termed a 360-degree Collaborative Model. This model privileges local economic growth as opposed to corporate growth and encourages interactions between the consumer and the merchant.

Users who contribute to the value creation by enhancing businesses’ visibility through various actions will be justly rewarded by receiving Flip Social. Flip Social is a utility token and can be used to benefit from instantaneous promotions, to discover and obtain products or to simply be entertained by available games on the platform.

By participating and engaging value-creators, both the consumer or the merchant, will therefore contribute directly to the economic growth within their own neighbourhood and benefit from the value created in the Ecosystem.

The major issue present to most local businesses today is visibility. Traffic in commercial areas are on a steady decrease and a business’s digital footprint now represents a majority of their ability to discover and attract new customers.

The significant disparity that exists in modern social networks derives from offering visibility to businesses with large purchasing power. Local businesses simply lack the budget to stand up on these modern platforms.

This is where FlipNpik is truly revolutionary as they have integrated multiple new technologies and have adopted and will become the first Collaborative Social Media Network dedicated to local businesses.

News Story Contact Info:
Name: First Plus
Organization: FirstPlus Press
Address: 2 Alambi Court Brisbane, Rothwell, Queensland 4022, Australia

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Australian government and IBM sign $1 Billion deal for Blockchain, AI and Quantum computing in the public sector

The Australian government has struck a deal with IBM to provide a $1 billion five-year technology service to accelerate the uptake of blockchain, artificial intelligence (AI) and quantum computing in the public sector.

The R&D program will be driven through three hubs in Melbourne, Canberra and the Gold Coast. It is part of an innovative, cross-government technology service deal, inked by the Turnbull government with the US business tech giant, that gives all federal agencies access to IBM’s cloud infrastructure, cyber-security practice, applications and system software.

The highly strategic whole-of-government service agreement will enable the $450 billion Australian public sector, access to IBM’s technology platform. IBM is a heavyweight in the enterprise space, in particular in financial services, and already has major agreements with Canberra’s digital giants, Human Services, the Australian Taxation Office, Home Affairs and the Dept of Defence.

This agreement enables the 900-plus long tail of medium to small government agencies to also tap IBM’s deep capability in data system design and application deployment, while giving the government’s big four tech shops more flexibility to explore innovative technologies and applications and cost benefits on existing contracts.

The deal, led by the Digital Transformation Agency (DTA), is the highest-value tech contract negotiated by the Australian government, and reflects the long-term anticipated value of the agreement.

The agreement represents a much more assertive approach to the big tech vendors, using the federal government’s $6-10 billion annual tech spend to leverage with IBM an ambitious embrace of three emerging foundational technologies, which many digital leaders expect will be deeply transformative for government.

Under the deal, IBM’s AI and cloud technology can be used by Australian agencies to quickly bring more self-service, automation and digitisation to government services. IBM and the Digital Transformation Agency will convene government and industry leaders to prioritise the introduction of new technologies to citizen services.

Announcing the pathbreaking agreement, Minister for Digital Transformation Michael Keenan said the all-of-government service agreement would save money and would help drive the deployment of simpler and easier services. He said it is a major step towards the government’s aggressive goal to be one of the top three digital governments by 2025.

“The deal has also been structured to enable small and medium-sized firms to engage with IBM through ‘channel partner’ arrangements to ensure they also benefit,” Keenan said.

Keenan is also Minister for Human Services and earlier this week made an impassioned plea to take a positive view of data sharing and integration within government. Keenan declared data is not “a four letter word“, citing early examples where integration of data sets was supporting predictive applications in drug and weather data.

IBM’s Australian managing director David La Rose said this will give Australians rapid access to emerging technologies as they are developed, while helping the government re-engineer its platforms to protect and encrypt citizen data against modern-day cyber-security threats, while allowing the government to use the collected Citizen data for it’s own purposes.

“This agreement is a testament to our 40-year partnership with the Australian Government. It shows trust and belief in our ability to transform and provide world-leading capabilities, leveraging our investments locally in AI, blockchain, quantum and cloud. We look forward to helping the Australian Government to redefine the digital experience for the benefit of all Australians.”

The government’s R&D accelerator programs are to be driven through three hubs in Melbourne, Canberra and the Gold Coast.

IBM has major research infrastructure and capability embedded in the Melbourne University health AD Bio Tech precinct, leading the world in the real-world application of AI to melanoma. This is expected to be the foundation of a research team to accelerate the application of blockchain, AI and quantum computing across the emerging public sector platforms.

Separate units of computer engineers and developers will also be based on the Gold Coast and Canberra to work on leading cyber-security solutions for data protection and the application of super-computing for government services and Defence.

Blockchain enables transactional data to be trusted, without the need for complex centralised control systems. Public sector pilot projects around Australia are expected to begin mature-to-early operational applications in the coming year, but technologists believes blockchain could underpin the virtualisation of major government controlled or funded systems in the health, finance, transport, safety, energy, education, regulatory and communications sectors.

AI offers the government the opportunity to deeply learn from its huge data pools sitting in its major revenue, payments, service, and safety systems and automate many of the manual systems still deeply embedded in State and Federal tech platforms. AI applications are rapidly being deployed to enable computers to learn from case files what are the most effective solutions and offer a major opportunity to empower human service front-line workers by enabling them to learn from the vast amount of knowledge sitting in case management files.

Quantum is a powerful computing technology that promises to power up many of the heavy data processes that will come as Federal, State and Local governments seek to integrate major life services, like an easy solution to wind up the affairs of a deceased family to facial recognition.

Quantum computing evangelists believe it will be as profound as the rollout of electricity. The Australian government has already made a $25 million investment in the UNSW Quantum lab in Sydney. The same lab also has multi-million dollar investments from the NSW government, Telstra and the Commonwealth Bank.

IBM has one of the world’s leading quantum computing labs, located outside of New York City.

The government is also negotiating with other major tech vendors to drive a better all-of-government result. Outside of the big Defence primes, IBM and Telstra dominate the tech vendor space in Canberra, but with major relationships with Fujitsu, SAP and Oracle.

Keenan said the coordinated procurement process allows for better oversight of contract delivery and greater accountability of how public funds are being spent.

The DTA agreement with IBM comes as the government’s fifth chief digital officer, in just over three and half years, Randall Brugeaud, takes over as chief executive of the DTA from former NAB executive Gavin Slater, who is going back to the private sector after 12 months in the job.

The deal represents a major recovery for the US tech giant. IBM had to negotiate a major compensation deal with Treasury, after the first all-digital census was forced to be shut down for two days in 2016, when ABS chief David Kalisch took the call not to risk the suspected infiltration of census data. IBM provided the census solution.

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