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Title: Australia is nationalizing its own Cryptocurrency with the help of IBM Post by: thecryptohype on September 01, 2018, 03:54:31 AM More news from Australia indicates that the country plans on issuing out a National Blockchain!
Australia authorities goal is to test pilot the new Cryptocurrency which goes by the name of ''Australia National Blockchain'' alongside lawyers, developers and regulators. Partnering up with IT giant IBM, law firms Herbert Snith Freehills and Australia's Commonwealth scientific and industrial research organization (CSIRO), with the goal of deploying a fully-operational distributed ledger. ANB will have a variety of use-cases: - Provide Smart Legal Contracts (SLC) via Cryptographic SmartContracts - Enables digital management of the lifecycle of a contract - Designed for Australian Legal Compliance - Provide Distributed ledger for Data Storage ANB as a Cryptocurrency will ensure that Australia gets access to the latest cutting-edge solution that Blockchain Technology can provide, meaning Businesses will have the ability to use Smartcontracts written on the Australian National Blockchain and have it legally enforced within the country's jurisdiction. The country in the land down under has ambitious goals of becoming one of the leading top 3 Digital Economies in the future while this might be difficult for Australia to achieve, the fact that the Government is giving the green light to projects like ANB, shows that authorities see the potential use-case for Blockchain technology. Keep in mind that this not really a Public National Cryptocurrency, as the ANB project was designed for private Enterprises and Commercial businesses If you're interested to read more about this, check out our Article on CryptoHype (https://cryptohype.tech/australia-national-cryptocurrency-ibm-blockchain/) Title: Re: Australia is nationalizing its own Cryptocurrency with the help of IBM Post by: Don Pedro Dinero on September 01, 2018, 10:39:20 AM I’ve got mixed feelings about this. On the one hand, this helps people seeing cryptocurrencies as something normal, instead of linked to fraud and Ponzi schemes. On the other, governments are trying to compete against bitcoin, but I think it is a desperate attempt and I think in the future bitcoin will at least co-exist with national currencies.
Title: Re: Australia is nationalizing its own Cryptocurrency with the help of IBM Post by: KingScorpio on September 01, 2018, 02:08:25 PM More news from Australia indicates that the country plans on issuing out a National Blockchain! Australia authorities goal is to test pilot the new Cryptocurrency which goes by the name of ''Australia National Blockchain'' alongside lawyers, developers and regulators. Partnering up with IT giant IBM, law firms Herbert Snith Freehills and Australia's Commonwealth scientific and industrial research organization (CSIRO), with the goal of deploying a fully-operational distributed ledger. ANB will have a variety of use-cases: - Provide Smart Legal Contracts (SLC) via Cryptographic SmartContracts - Enables digital management of the lifecycle of a contract - Designed for Australian Legal Compliance - Provide Distributed ledger for Data Storage ANB as a Cryptocurrency will ensure that Australia gets access to the latest cutting-edge solution that Blockchain Technology can provide, meaning Businesses will have the ability to use Smartcontracts written on the Australian National Blockchain and have it legally enforced within the country's jurisdiction. The country in the land down under has ambitious goals of becoming one of the leading top 3 Digital Economies in the future while this might be difficult for Australia to achieve, the fact that the Government is giving the green light to projects like ANB, shows that authorities see the potential use-case for Blockchain technology If you're interested to read more about this, check out our Article on CryptoHype (https://cryptohype.tech/australia-national-cryptocurrency-ibm-blockchain/) australian banking cartel 2.0 now in crypto Title: Re: Australia is nationalizing its own Cryptocurrency with the help of IBM Post by: Getadaaa on September 01, 2018, 04:14:21 PM I see Canada doing same next. Then the Middle East. Also would it be listed as a security?
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