Swiss, Aussie and Deutschland - The Popular Hubs of Blockchain and Cryptocurrency

In the recent years, the developed economies like Australia, Switzerland and Germany are attempting to stem blockchain exodus.

Especially, Australia has been a cognizant of the vital portion of mass adoption strategies in FinTech gamut that is ensuring that the public for the ease of access to the technology or service in question and about the collaboration with Data61, the Herbert Smith Freehills law firm, and IBM to build the country’s first blockchain network.

The new project, tentatively called the Australian National Blockchain (ANB), is being referred to as “a significant new piece of infrastructure in Australia’s digital economy,” according to CIO.

There has been a five-fold rapid surge in the number of FinTech start-ups in Australia over the past 5 years and the sub-sectors encompassed have become more diverse, as per the reports of KPMG. Investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse.

It is reported that on the successful launch of the world’s first blockchain-based fixed income product. The World Bank, Commonwealth Bank of Australia (CBA), and other investors made the initiative possible, which stemmed in the bond-i raising more than $80 million.

While Australian Government’s 2018-19 budget has allocated $530,000 for blockchain research under the Digital transformation Agency (DTA) program, this development was exclusively prompted by a specific request from the country’s Prime Minister, Malcolm Turnbull.

Elsewhere, we learnt Reuter’s report that over 500 blockchain start-ups have been set in Switzerland’s Crypto Valley hub around Zurich and Zug.

In order to utilise real-time aggregated location to more precisely notify and shape traffic models, Zug, Switzerland-based blockchain-backed data platform, Streamr has entered into a partnership with decentralized location data market ‘Fysical’. 

Well, the alliance likely to leverage data fetched from mobile apps on 10 million phones in order to facilitate the improvement of latest infrastructure in an industry that has essentially relied on regulated information. Streamr, with the collaboration of Fysical, will exhibit a noteworthy use-case as to how the data could be gathered, modelled, and utilized to advance the delivery of transport planning services within the infrastructure industry.

Elsewhere, the prospects of the blockchain industry across Germany has led to more of a keenness to collaborate with government authorities.

While a blockchain trade association called ‘Bundesblog’ is collaborating with the government officials inside the EU to assist promote the innovative technology.

Paul Kolling and Paul Seidler, Berlin artists, have been presenting their work pertaining to project that envisions a “self-owning, self-governing forest on the blockchain.”

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