Opinion
The reality of blockchain in Australia, lots of plans but waiting for big hit
Nick AbrahamsContributorThe truth is the only people making any money out of blockchain at present are conference producers.
The country is awash with blockchain conferences but the technology itself is still stuck in the "proof of concept" starting blocks. However, there is cause for hope as Australia has a leading position globally with various projects, including the ASX's CHESS replacement, AgriDigital's supply chain provenance solution and Webjet's travel industry blockchain.
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Nick Abrahams is the global co-leader of the digital transformation practice at Norton Rose Fulbright. He also hosts the popular Web3: From Mystery to Mainstreet podcast, about businesses embracing crypto, NFTs and the metaverse.
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