Ten Australian blockchain companies raising millions and disrupting industries

Today blockchain technology is widely regarded as one of the more exciting areas of breaking edge tech, but just 12 months ago it had many in the local tech scene uninformed, dubious, or both.

And while many still are (especially dubious), blockchain tech has skyrocketed to one of the most discussed, developed, and invested in technologies, with hype at times reaching fever-pitch levels as companies eagerly implement the tech in places it might not even be needed.

In places like the US, Europe, and Asia, blockchain companies had a head start, with many emerging throughout 2015-16 to try and dethrone Bitcoin. Protocol coins such as Ethereum and NEO, developed with the purpose of benefiting the internal blockchain ecosystem, began to gain traction and notoriety.

But it wasn’t until 2017 that the boom of consumer-focused blockchain projects, funded by easily facilitated initial coin offerings, began to hit Australia.

Early last year the country’s “first” initial coin offering was kicked off by Chronobank and since then the floodgates have opened for disruptive blockchain companies, with many of them raising multiple millions to help get their ambitious projects off the ground.

We’ve compiled a list of those startups, ranked by the amount they’ve managed to raise, and a brief description of what they’re looking to do to help you get an insight into Australia’s ecosystem of successful blockchain companies. Read more

Dominic Powell - Smart Company - 23 Apr 2018

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