The Australian blockchain delegation, an initiative of Australian Trade and Investment Commission (Austrade), Data61 and the State Governments of New South Wales and Victoria, will be heading to Consensus 2017 in New York from 22-24 May.

The group of 26-member Australian delegation will showcase the country’s blockchain capabilities as well as technologies to global leaders and investors in the event. Also, they will present globally innovative blockchain solutions across industry applications including digital currencies and payments, smart contracts, agricultural supply chains, among others.

“New York City is also a hotbed for blockchain technology, management and innovation. From digital currencies, to payments, decentralized energy to smart contracts and cloud storage, New York City is a vital research, development and deployment market for disruptive technology,” Nicola Watkinson, Austrade’s Senior Trade and Investment Commissioner, USA and Canada, said.

According to Watkinson, the Consensus delegate mission will offer a unique platform to profile Australia as a global leader in the testing and development of blockchain technology and standards.

The Consensus 2017 is in its third year and has become a landmark event on the blockchain calendar. The event will see global professionals from leading industry startups, investors, financial institutions, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.

The Australian Government recently announced its intent to eliminate bitcoin double tax in its 2017 Budget. Also, the Australian Stock Exchange (ASX) is embracing blockchain technology, evaluating replacement options for its clearing, settlement and asset registration with broader plans to become the first exchange in the world.

“Australian corporates are also embracing blockchain technology. All four major Australian banks have blockchain innovation programs that have already delivered successful proofs of concept,” Nicholas Giurietto, Chief Executive of the Australian Digital Currency and Commerce Association, said.