Elas presents BSV in Australia with the first Enterprise Blockchain conference

Australia has kicked off what will hopefully be an annual BSV event in Brisbane. The Enterprise Blockchain Conference, organized by Brendan Lee and the Elas team, brought together many people from the business, academic and technology worlds to discuss applications and unique opportunities for BSV in Australia and the region.

Lee said he was impressed with the turnout and the companies that responded to the event’s call, given that it was organized in less than two weeks. He ended the day hoping it would be an annual event. It was difficult to measure the exact turnout when we watched the livestream, but the level of applause and noise during audience participation showed that it was healthy.

For anyone who is curious, the livestream is still available for viewing here:

The Enterprise Blockchain Conference is actually a two-day event. While the keynote speakers all spoke today, there is a developer workshop on July 19 where speakers like SCrypts Xiaohui Liu will talk about smart contracts, especially how to transfer existing Ethereum projects to the more useful BSV chain.

The first half of the day featured speakers familiar with the Australian BSV industry. Lee himself and colleague Mo Jaber talked about Elas ‘history and work, while the relative newcomer Morgan Coleman described how LaMint changes social networks and creators’ ability to make money from their work.

Throughout human history, where societies have flourished, there have been those who have kept detailed and formal records of their activities, Lee said. We should stop thinking of Bitcoin as numbers or tokens, and imagine all kinds of information / data.

“Bitcoin can be anything from a bond or banknote to a national constitution,” he added.

All business activities, and still much more

James Belding thoroughly described Tokenized’s efforts to develop a complete business suite for tokenization of various business processes and issued assets. He described it as a “basis for all commercial activities between parties,” and explained how a single dashboard interface could handle IP licenses, company interactions with authorities and lawyers, and automated billing / payment functions. He said that the existing financial industry can get a lot of stability by using BSV, and that the industry is aware.

“We’re actually talking to a lot of banks, really big players,” he suggested.

Eli Afram spoke about his company AnonSurvey, and explained the importance of openness and audibility in elections – a topic that has not been prominent in Australia historically, but which is receiving attention.

“Absolutely, (vote) counting should be transparent,” and “transparency is a key strength of the blockchain.” Results can be revised years, even centuries into the future. Afram acknowledged the irony of the name AnonSurvey, but took the opportunity to explain how both formal choices and informal surveys could benefit from BSV technology. The results can be transparent and verifiable while protecting the identity of the participants, he said.

Paul Chiari and Daniel Keane talked about BSV’s role in the processing of environmental, agricultural and industrial data. Chiari’s work with WeatherSV proved what could be done with simple weather data, and users can still use the system to record information for their own purposes via sponsored “channels”. Recently, his MetaStreme project aims to make construction on the BSV blockchain far more accessible to computer-heavy users without previous technical knowledge or experience. His projects were driven by a desire to eliminate waste and inefficiency by using an affordable, scalable blockchain – and from his dismay at how BTC developers had ruined the once promising project.

Keane talked about Predict Ecology, his company that specializes in merging data from IoT devices with blockchain records to create useful and long-term environmental impact studies and other sustainability research. The use of BSV allows for more interaction between different elements in a project, he said, and eliminates the data silos from the past. He described various ways in which an environment can deteriorate (from physical to cultural) without the stakeholders being aware of problems before it is too late. BSV makes this complexity something simple and far more cost-effective, he said.

Australia’s Chinese Bitcoin Contribution

Throughout Bitcoin’s history, there has been a high degree of Chinese participation in Australia’s local industry. This includes both resident Chinese expats and Australian-born nationals. This influence was evident in the event’s speaker list, which was about 50% Chinese.

Australia has a large Chinese population (of both kinds), and this creates more opportunities for international blockchain companies. Speaker Prof. Dr. Robert Lee highlighted this during his talk on the blockchain mining industry: it is a business that involves international interaction, but requires very local labor. This creates opportunities for everyone with bridge expertise. Australia also has a current shortage of skills in the (blockchain) mining sector, which creates more employment opportunities.

Panda Angel CEO Michael Choi gave the latest use of the BSV blockchain at the event. His startup “myFabula” is a kind of posthumous Facebook experience where users can share their special moments and life stories with their descendants. myFabula allows them to upload images, audio, movies and text to the BSV chain, and decides when or by whom they can be reached. It is a pity that most people will not leave more than one plaque for others to remember them when we have the technology to tell our entire life stories, he said.

The day ended was Lise Li, head of the China / APAC Hub at the Bitcoin Association and the new startup Keyi Tech. Li shared some of BSV’s key statistics and figures, comparing older presentation slides and their predictions with current network performance.

The day before her presentation last July 17, the BSV network processed 1.79 million transactions and over 17 GB of data, with an average of 112.3 MB per block. What was staggering was the cost – a BSV transaction that day cost an average of $ 0.00016, a figure that is almost unheard of in proof-of-work blockchain networks. PoW is crucial for safety and (legal) accountability, she noted.

For a small and local conference, the Enterprise Blockchain Conference Australia featured a compelling range of speakers and topics, all showing a depth of knowledge and experience in their fields. It also showed how local industries have grown and matured. If the conference becomes an actual event, it will certainly be a sight to behold for both the Australian BSV blockchain industry and those from the wider geographical region.

Watch Enterprise Blockchain Conference Australia – Brisbane 2022 here:

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