Tuesday, June 25, 2019

Western Australia Launches its First Blockchain Center

Western Australia has launched its first Blockchain center to support startups in the region who do not have the capital to deliver high-quality projects. This hub for educating and creating awareness will be located in Perth, the state’s capital. Accordingly, entrepreneurs and those who are interested in the Distributed Ledger Technology (DLT) can share ideas and resources in this center.

A Blockchain Center to Encourage Entrepreneurs

The Perth Blockchain Center is the idea of Sam Lee who believes that entrepreneurs should stay in the country they were born. Sam noted that this is not the case because startups in the region faced a difficulty in accessing the capital that is required. In this case, they may look for greener pastures to relocate their business.

He said the companies that are currently thriving in Perth had to rely on luck. This is because there was no platform to support them yet they were still successful. But now, the state is not going to rely on luck to bring about innovations. They will rather use the resources that are at their disposal to foster the growth of modern technologies.

As a consequence, there will be no limitations to a retail investor or developer who wants to implement the technology in the country. The center has the “access required to upskill the local ecosystem” which will result in higher quality projects. Entrepreneurs will also be supported with resources to help them in their quest.

Fostering the Growth of Blockchain Technology Through Training

It appears more countries are trying to educate professionals who will be able to develop more sophisticated Blockchain applications. In some countries, this is achieved by sponsoring Blockchain courses in Universities. This is the case of the University of Tokyo and University of Liechtenstein who have received donations.

In a recent report, we revealed that Cleaveland, Ohio is also planning on establishing a Blockchain hub. This center will be supported by the Institution, government, technology accelerators, etc. Like Australia, their aim to promote the growth of the Blockchain technology which will, in turn, lead to innovation in the society.

It is also worth mentioning that Austria recently launched the largest Blockchain center in the world. According to the leaders of the country, their aim is to meet the ever-changing trends in technology. Therefore, this is a center that will cover a wide range of topics when it comes to modern technologies.

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