The Australian bitcoin and blockchain landscape is set to change with the planned merger of the two peak industry bodies, Australian Digital Currency Association (ADCA) and Blockchain Australia (BA).
In a key step to boosting blockchain adoption in Australia, the new merged entity will be called Blockchain Australia and will enable a united stronger voice for the adoption of blockchain and distributed ledger technology.
The merged entity will represent the whole community from individuals, developers and start-ups through to SME’s, Corporate Entities along with the various Australian regulatory bodies including: Local, State and Federal Governments.
Current CEO of ADCA, Nick Giuretto, spoke exclusively to Nugget’s News, “The merger of ADCA and Blockchain Australia brings together the full spectrum of the blockchain community in Australia to advocate for the adoption of blockchain technology.
“It is a wonderful opportunity for this rapidly growing industry to have a united voice and help lead the way for Australia to become a leader internationally.”
“The blockchain economy opens up numerous business opportunities, either in reinventing existing business models or creating new and innovative ventures, that have not been possible, until now.” says David Jackson, CEO of the existing BA and board member of the new Blockchain Australia.
The combined entities new board brings together experts and industry leaders in all sectors and has already seen developments on several fronts to increase the scope and reach of content, implementation of educational frameworks, the exploration of new technologies and the representation of industry views to policy makers.
The ADCA website outlines, “ADCA aims to encourage the responsible adoption of blockchain technology by industry and governments across Australia as a means to drive innovation in service delivery across all sectors of the economy.”
The new board will consist of equal numbers from each association and is due to sit for the first Blockchain Australia board meeting early in the 2019/2020 financial year and will continue the work of the respective organizations with a combined voice.
Ron Tucker Founder and President of ADCA says “ The newly formed Blockchain Australia looks forward to continuing to work with government to ensure that Australia remains a global leader in the Blockchain and Cryptocurrency space”
This announcement was made at the ADC Global Blockchain Summit currently being held in Adelaide, South Australia.