/biz/ - Business & Finance

Very good chance link will be needed for this:
>Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the formation of a data consortium in partnership with IBM and law firm Herbert Smith Freehills for the purpose of building a groundbreaking large-scale, cross-industry smart contract platform for Australian businesses to collaborate and do business within.
>The platform, which will be called the Australian National Blockchain (ANB) is being touted as potentially game-changing infrastructure within Australia’s digital economy, helping businesses around the country make use of legally-enforceable smart contracts and exchange data, as well as confirm the status and authenticity of legal contracts.
>In other words, Australian businesses will gain the ability to use smart contracts to automatically trigger business events and processes using preset milestones. The smart legal contracts (SLC) provided by ANB include clauses to accommodate recording of information from external data sources such as IoT devices, with the ability to self-execute once conditions listed in the contract are met.
hmm.. I wonder how they will get that data onto the blockchain to be used in trustless smart contracts? Will they trust a centralised third party for this data worth billions? Or use a decentralised network of oracles... hmm.....

Don't forget:
>Accord project is partnered with IBM and Chainlink
>SIBOS 2018 will be in Sydney, Australia with exhibitors being IBM, Swift, Hyperledger and the Reserve Bank of Australia
>https://www.afr.com/business/banking-and-finance/financial-services/banks-and-fintechs-welcome-governments-open-banking-plan-20180509-h0zvf7

Fucking 1k EOY is major fud.