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Australian Victoria Bitter Using Blockchain To Swap Excess Solar Energy for Beer 

With the help of blockchain technology, one of Australia’s notable beers can now be exchanged for excess power generated by solar energy. This is according to Australian lager beer subsidiary Victoria Bitter (VB). Victoria Bitter’s Solar Exchange Program In an announcement, VB revealed its new Solar Exchange program, which would allow participants to exchange credit on their power bill generated from solar panels for slabs of beer. VB has partnered with the blockchain energy trading platform Power Ledger and energy company Diamond Energy. With the new solar exchange program, customers can track how much beer they have earned based on…

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Australians can now exchange solar energy credits for beer with blockchain

Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy. Asahi’s Australian lager beer subsidiary Victoria Bitter has taken a step toward sustainability by allowing customers to earn a pint with solar energy via blockchain. According to a Wednesday announcement, Victoria Bitter has partnered with major blockchain energy firm Power Ledger to unlock a new program allowing participants to exchange excess solar energy for slabs of beer. “The only thing better than drinking the Big Cold Beer in the Aussie sun is earning beer while you do it. Plus…

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Australian government’s digital business plan includes $5M for blockchain

Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives.  Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget, the plan outlines $4.95 million in support for “two blockchain pilots directed at reducing business compliance costs.” Morrison said: “The plan supports Australia’s economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses, and backs the uptake of technology across the…

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Blockchain Features Significantly in Australia’s New Digital Business Plan 

The Australian government has unveiled a new digital business plan to improve its financial industry’s functionality. According to a report from Ledger Insights, Prime Minister Scott Morrison released the plan this week, with several new blockchain initiatives embedded in it.  A Sign of Future Things  Ledger Insights report confirmed that the new plan is a precursor to the country’s official budget. It is worth a total of A$800 million ($569 million), of which 6.9 million has been marked for developing two blockchain pilots that will reduce business compliance costs. On its focus, the Prime Minister explained, “The Plan supports Australia’s economic…

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Brazilian Firm to Launch Blockchain Platform for Promoting Environmental Sustainability 

Brazil is making some waves in the blockchain and cryptocurrency industry, as it is now joining the ranks of nations applying these technologies for good. While most countries are optimizing various systems with blockchain, however, a company in the Latin American nation is primarily focusing on its environment.  Eliminating Tree Felling Yesterday, Reuters reported that JBS, a local meat processing firm, has announced the development of a blockchain-based system that will correct its supply chain system and cut out the participation of incriminating farmlands.  In July, the Guardian reported that the firm had been in contact with at least one…

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Australian Contractor Sentenced for Mining Crypto on State Computers

Australian law enforcement authorities have charged a former government worker who used his access to state facilities to mine digital assets. A Lucky Break for Khoo According to a report from the Sydney Morning Herald, Jonathan Khoo worked with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) as a contractor. The agency conducts scientific and tech research for the government. CSIRO had accused Khoo of installing code on two of its supercomputers and running a crypto mining operation for months. When Khoo’s mining outfit was discovered in 2018, CSIRO fired him immediately. The agency also charged him with unauthorized modification…

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Australian Dodges Prison After Using A Supercomputer At Work To Mine Crypto

A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency. Generating $6,897 Worth Of Ethereum and Monero As per a recent news report, between January and February 2018, Khoo has managed to use two supercomputers at his workplace for the purpose of mining cryptocurrency. According to the publication, he used the devices for his financial gain. He also managed to mine crypto worth A$9,420 (US$6,897), and deposit them into his…

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No need for central bank digital currency in Australia says Reserve Bank

Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. While other countries may be placing central bank digital currencies — also known as CBDCs — at the top of their agenda, Australia could buck the trend. According to a local news report on Sept. 17, the Reserve Bank of Australia's latest payments paper has taken a cautious and sceptical line toward CBDCs as well as private-sector stablecoins. The RBA does not believe there is currently a strong policy case for issuing a CBDC in Australia, pointing to the success of the country’s efficient, real-time New Payments Platform.…

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BNP Paribas connects to major stock exchanges with DAML smart contracts

The DAML smart contract language is getting more popular. BNP Paribas' securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange (ASX) and the Hong Kong Exchange (HKEX). The apps will provide market participants in the Asia Pacific with real-time access to ASX and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity transaction platform known…

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Luno Crosses 5 Million Users And Expands To Australia

South African owned cryptocurrency exchange, Luno, has surpassed the 5 million users as of August 2020. Luno continues to be one of the most popular cryptocurrency exchanges in South Africa and Nigeria. What’s more, Luno has moved into new markets, including Uganda and Zambia. “Our African expansion is moving steadily forward, and we recently launched in Zambia and Uganda. Luno is on an expansion drive, and the Australian crypto landscape ticked many of the boxes on our checklist.”  Beyond Africa, Luno has also been expanding its reach in other regions. Luno just launched in Australia, allowing Australians to purchase crypto…

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BitConnect’s Director Of Australia Promotions Banned By The Country’s Regulator

The Australian Securities and Investment Commission (ASIC) has banned an Australian national from working in the financial sector. According to the watchdog, John Louis Anthony Bigatton operated as the Director of Australia Promotions for the notorious cryptocurrency scam – BitConnect. Aussie National Banned For BitConnect Participation As CryptoPotato reported last year, the Australian corporate regulator cracked down on the alleged BitConnect promoter John Bigatton. At the time, the Federal Court froze his accounts and assets and placed him a travel ban, as per ASIC’s request. According to a recent report, the regulator has taken the situation further by banning Bigatton…

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Australian Banks Partner with IBM on Trade Guarantee Project 

A consortium of big Australian banks has successfully conducted a blockchain-based pilot with over 20 Australian businesses and IBM, according to a report. Australian banks look to blockchain IBM public cloud Lygon blockchain platform has successfully conducted its pilot with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac, and a group of 20 Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Blockchain platform commercializes digital bank guarantees in Australia

Australia gets more blockchain projects. The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.  Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the current paper-based guarantees that can take a month. The three Australian banks and retailers Scentre Group and IBM are planning to expand the Lygon platform for commercial use, according to a report on Sept 1. A bank guarantee is a…

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Blockchain can combat Australia’s $1.7B food and wine fraud problem

Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia's primary sector. Blockchain Australia deputy chair Rob Allen moderated the online panel discussion on Sept. 4 discussing use-cases for blockchain within the supply chain sector to an audience of more than 150 attendees. Allen set the scene by stating that verifying the authenticity of produce claiming to be Australian-made in local and overseas markets…

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Crypto-hating Wikipedia editor David Gerard claims another victim

A Wikipedia page on Australian blockchain firm Power Ledger bites the dust. Anti-crypto activist David Gerard — author of Attack of the 50-Foot Blockchain — has once again used his influence as a senior Wikipedia editor to remove a blockchain related entry about Australian firm Power Ledger. In his latest blog posting, the Wikipedia editor appeared to boast about his success in having the Power Ledger article deleted, which he said was: “on the basis of being a pile of press-release churnalism, and the only genuine press coverage was about how Power Ledger was a scam” A publicly available discussion…

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