The Blockchain industry in Australia has seen significant growth in recent years, driven by technological innovation and government support. Blockchain technology offers a secure and transparent way to store and share data, making it useful for a wide range of applications, from financial services to supply chain management. In this article, we will explore the key statistics, growth factors, trends, challenges, and future outlook of the Blockchain industry in Australia.
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BILUE
73
+61 1300 310 081 hello@bilue.com.au
Were a team of researchers, designers, engineers, architects, innovators and change makers. For over ten years we have worked with some of Australia’s biggest brands, delivering innovative experiences on both mobile and the latest in emerging technology. We combine Design, Technology and Talent to drive business growth. We specialise in: ✅ Experience Design ✅ Mobile Apps ✅ Cloud Engineering ✅ Web Development ✅ Enterprise Apps ✅ Smart TV With offices in both Sydney and Melbourne, Bilue is driven by its mission to mobilise millions of people. We strive for technical excellence, but we thrive on human connection. We support one another to challenge ourselves and our clients in the pursuit of continuous improvement. We’re welcoming, fun and we value the experience and knowledge of our mates. To thank our employees for the value they bring to our business, we offer a wide range of benefits including workplace flexibility, a generous annual training budget, additional leave f…
ADACTIN GROUP PTY. LTD.
147
+61 2 9057 8004 info@adactin.com
Adactin Group is a premium Australian software consulting company dedicated to world-class Quality Assurance (QA), Software Development, Data Analytics, Digital Transformation & Integration, Project Management and Business Analysis services and ICT training programs. At Adactin we see todays world through the ever-changing technology lens hence making us a preferred IT Managed Service Provider so our client can concentrate on their main line of business and leave the technology to us. Our technology-driven team are well versed in different methodologies, and hence, can offer expert consultancy, knowledge transfer/training and unique solutions to complex projects; we deliver results that we know will work. Our expertise coupled with our companys values, CSR branch, mission and vision make us a one-stop shop for tomorrows business! Get in touch today via Info@adactin.com Headquarters: Suite 402, Level 4, 56 Station Street, Parramatta, NSW 2150, Australia Email: info@adactin.com
BAL LAWYERS
66
+61 2 6274 0999 reception@ballawyers.com.au
BAL is comprised of devoted teams covering a wide range of legal services. We have a strong focus on commercial and business law, property, local government, employment, dispute resolution, estate planning and litigation. At BAL Lawyers our priority is to serve our clients through the highest standards of integrity, straightforward communication and innovative solutions as well as a real commitment to promoting our clients’ success. We are proud of our reputation as a leader in the community in delivering commercial outcomes for our extensive client base. The firm prides itself upon its lawyers being not only talented and innovative, but capable of going beyond the traditional legal role of reactive adviser to working as an extension of our clients’ businesses. Our clients receive cost-effective legal services, as well as the attention, respect and courtesy that comes with our more accessible and personable firm.
LAKEBA
176
+61 1300 656 705 info@lakeba.com
Lakeba engineers future technologies that accelerate businesses towards a better tomorrow. Our portfolio consists of 15 businesses and their specialist technologies. Twelve are being built, three have already exited. By conceiving these businesses and their technologies from the ground up, creating their operational models and commercialising them into mature revenue and profit-generating businesses. Founded in 2013 and awarded Microsoft Gold Partnership status in 2018, The Financial Times recognised Lakeba as an Asia Pacific High Growth Company for two years in 2020 and 2021. Lakeba’s also ranked as one of Australia’s Fastest-Growing Companies. We develop our technologies from our headquarters in Sydney, Australia. Supported by our offices in India, Italy, the UK and the US. With a team of 160 specialists in capital funding, coding, financial management, marketing, operations, public relations, risk management and, of course, technology.
ZEROCAP
41
+61 3 9491 8256 hello@zerocap.com
Zerocap provides digital asset execution, insured custody and yield products to forward-thinking investors and institutions globally. OTC Digital Asset Trading: Frictionless trading with deep liquidity for our clients looking to move seamlessly between fiat and digital assets Custody: Insured, institutional-grade custody of digital assets Yield: Generate yield on asset holdings
RUBIX.
37
+61 3 4240 3000 contact@rubix.com.au
SmartCompany 2022, 2021. CRN Fast50 2020. RUBIX is a leading Australian data technology company, providing innovative custom end-to-end data solutions to enterprise and mid-market companies. Founded in 2011, RUBIX is values based and data driven, putting the customer and our people at the heart of everything we do. Our key offerings include; Data strategy, Data governance, Data preparation, Business intelligence, Machine learning, Artificial intelligence. We’ve completed over 350 data projects and have been recognised as a leader in our field. We are the trusted data partner of some of Australia’s most successful companies. As well as specialising in modern technologies, RUBIX. adopts a fresh company culture with Employee Happiness at the core of our business philosophy. It’s just one of the ways we attract the best of the best!
IXONN GROUP
19
+61 2 8970 6120 info@ixonn.com
Bringing together the best innovations in application smarts using cloud services. Throughout our organisation we look to bring together the right skills and knowledge to support our technology development, network growth and customer service. WHAT WE DO: FINTECH Ixonn actively participates, innovates and develops solutions for fintech, in process automation, insurance, global trading markets and asset management. MEDTECH Ixonn solutions in medtech are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and reductions in hospital stays and rehabilitation times. AGRITECH Our solutions focus on pre-farm gate stage, providing innovative technology and research, that will directly contribute to a more productive, sustainable and customer focused industry. GREENTECH Our involvement in greentech development directly produce solutions and improvements for water, transport and energy management platforms, specifically ta…
ASPIRANTE
11
+61 1300 277 472 info@aspirante.com.au
Aspirante are Australia’s leading ‘Growth focused Technology Recruiters’. We provide Permanent, Executive, Statement of Work and IT Contract Recruitment Services across Data Analytics, Software Development, Digital Marketing, Project Services, Technology Sales, Cloud, DevOps & Infrastructure, Cyber Security, and Crypto sector specialisations. We have a genuine commitment to personal growth, wellness, and balance and have created a fun and motivating culture, ‘to deliver an authentic recruitment and consulting experience’.
MEXUZ
6
+61 2 8041 2266 info@mexuz.com
Mexuz is a software development company based in Sydney - Australia with focus on banking , payments , Block Chain , Crypto Currency , ICO consulting , etc.
GSTECHNOLOGIES (LON:GST)
6
+61 8 6189 8531 info@gstechnologies.co.uk
GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates two core businesses across blockchain payments and financial services, as well as information and communication technology services, GS Fintech and EMS respectively. The company has operations in the UK, Singapore, Australia, Malaysia, Hong Kong and China.
XENABLER
35
+61 2 9614 6783 contact@xenabler.digital
All Your Development Needs In One Easy Subscription
WEBCOM SYSTEMS PTY LTD
33
+61 444 524 590 sales@webcomsystems.com.au
Webcom Systems Pty Ltd is a squad of thoughtful, pragmatic and innovative professionals to deliver customised and holistic IT services and solutions. Serving customers across the globe. We have augmented competencies in the business. Webcom Systems is a leading fintech company in Australia dedicated to revolutionizing the financial industry through innovative solutions. With a focus on cutting-edge technology and a deep understanding of financial processes, We offers a comprehensive suite of software products and services. We creates innovative and secure software that empowers businesses to facilitate seamless and efficient money transfers across borders. Our money remittance software development services ensure compliance with regulatory standards while providing a user-friendly interface for customers to send and receive funds globally. Additionally, Webcom Systems excels in trading platform development, delivering robust and scalable solutions that enable secure and real-time tra…
VERIDOC SIGN
4
+61 7 3112 8080 admin@veridocsign.com
PATENTED VERIFICATION TECHNOLOGY • You can now leverage blockchain technology to secure their eSignatures. • Users benefit from quick and easy verification via their mobile device. • Overall efficiency is improved by eliminating long wait times to print, sign, scan and send documents. • Document admins can control who can verify documents with public and private permissions. • No coding, existing software or special hardware is required. • No smoke and mirrors when you need to validate eSignatures. • All the tools are provided by simply scanning a QR code.
ASTA
186
+61 3 9644 3700
Asta is a leading full-service technology and consulting agency. Beyond our IT acumen in software, web and mobile app development, our fit-for-purpose managed service solutions and our ground-breaking AI and blockchain technologies, there’s something more. Our relentless commitment to people. And not just our customers, but our team. We are more than the services and solutions we provide. Asta has a story, with heart. Our beginnings and our successes over the past 20 years are more than business won and delivered; it’s the little things that have mattered: the care we take, the integrity in our work, our drive to be – more. We know IT inside out (and outside in). We have the skills, experience and smarts to tackle and deliver, from the most straightforward, to the highly complex. As a business, our expertise has evolved alongside the advancement of new technologies. We consult, advise, design, deliver. This seamless process provides customers in Australia, New Zealand, Hong K…
BANXA
113
investor@banxa.com
Banxas mission is to accelerate the world to Web3 with its leading global on-and-off ramp solution. Through its extensive network of local payment solutions paired with the required crypto licences, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives - with operating headquarters in the USA, Europe and APAC regions. Banxa is a financial technology platform - Banxa is not a bank / authorised deposit taking institution.
NGS CRYPTO
29
+61 1300 001 647 support@ngscrypto.com.au
NGS Crypto is an authorised reseller of NGS Group blockchain mining packages. Learn More About Blockchain Mining Packages Offering Returns Ranging From 6-16% Per Annum. Packages Available Over 2, 3, 5, 7 or 10 years, No Management Fees, Returning 100% Of Your Initial Investment Upon Completion.
CRYPTORECRUIT
35
+61 451 358 049 info@cryptorecruit.com
Crypto Recruit is the worlds first Recruitment/Talent Acquisition agency specializing in recruiting exclusively within the Blockchain | Web3 and Cryptocurrency space. Its founders have a combined total of 30 years recruitment experience. We focus on recruiting across all disciplines within Defi(Decentralised Finance), Gamefi (Blockchain Gaming/Metaverse Projects), Layer 1 and 2 Solutions across (Ethereum, Solana, Cardano, Polygon, Arbitrum, Fantom, Polkadot), Non Fungible Tokens(NFT’s) ZKRollups and other areas that involve crypto specific talent. Our team are located across the globe and all of our consultants have an intimate knowledge of the Blockchain landscape and more importantly are heavily networked within the industry. When you work with Cryptorecruit you get much more than just a search and selection service – you get a holistic view of the Crypto landscape along with nuanced understanding of each sector. We are uniquely positioned to source top talent for our clients and …
RISE-X
32
info@rise-x.io
Rise-X is a deep technology company pioneering nimble enterprise software for sustainable industry growth. Our DIANA Ecosystem Orchestration Platform (EOP) is a blockchain-based multi-party workflow engine that supports digital transformation. Our target markets are carbon intensive industries such as Transportation & Logistics, Energy & Resources, Defense & Security, Healthcare, and Agriculture. By transforming how business works using cutting-edge technologies such as blockchain, AI, IoT, graph computing, and native cloud, we believe industry can sustain growth while increasing the carrying capacity of the planet. Based in Perth, Western Australia, operating in Singapore, Europe, and North America, we are a dynamic, ambitious, and diverse team aligned by purpose and driven to connect every workflow on the planet. Core Values: Trust, courage, resilience, fairness, stewardship Expected Behaviours: Do good, be curious, think exponentially, focus on the essential, have fun.
ICANDY INTERACTIVE LIMITED (ASX:ICI)
70
+61 139951 info@icandy.io
Award-winning, largest game developer in ANZ and SEA with demonstrated strengths in traditional games (mobile, console & PC) and Web 3.0 games. $ICI #ICI (ASX:ICI) We are a leading content provider in Southeast Asia. Our studios, AppXplore and Inzen, are two of the best in the region and have produced award-winning games such as: “Crab War”, “Dark Dot” and “Alien Hive” for our 20m+ install-base users worldwide. Our innovative creations have achieved numerous recognitions, namely: “Best Games of 2016”, “Editors Choice” and “Excellence in Innovation”. We are certainly looking forward to developing and building more games for the global social that connect and bridge users with great games across cultures and borders.
VERIDOC GLOBAL
53
+65 8161 4724 husainshakir@gmail.com
VeriDoc Global is a finished mainnet Blockchain solution company. We specialise in providing anti-fraud solutions to organisations to ensure they are protected against counterfeiters. We understand the repercussions of counterfeiters, and we work closely with our clients to ensure our solutions are tailored to their needs. With our software and QR codes, we can integrate our solutions into our clients existing systems to compliment their organisation without the need of a complete overhaul. The areas for which we cover includes but are not limited to: - Passports - ID - Land Titles - Supply chains - Documents - Food track and trace - Pharmaceutical Our aim is a world without counterfeit and fraud. To learn more about what we do and who we are visit our webpage: https://www.veridocglobal.com/
Top Blockchain Companies in Australia
Key Statistics from 2022
According to a report by Blockchain Australia, the Blockchain industry in Australia is worth approximately AUD 5 billion and employs over 14,000 people. The report also indicates that the majority of Blockchain companies in Australia are focused on financial services, followed by supply chain management, healthcare, and energy.
Factors Contributing to Growth and Success
Government Support: The Australian government has been proactive in supporting the growth of the Blockchain industry, investing AUD 700,000 in Blockchain initiatives in 2021. The government has also established a regulatory sandbox to encourage innovation in the fintech sector, which includes Blockchain startups.
Increasing Adoption: The increasing adoption of Blockchain technology in various industries, including financial services, supply chain management, and healthcare, has also contributed to the growth of the industry. Companies are realizing the benefits of using Blockchain for secure data storage and sharing, and are investing in the technology to improve their operations.
Industry Growth and Comparison to Previous Years
In 2022, the blockchain industry in Australia witnessed substantial growth, with a year-over-year increase of 18% in adoption and implementation across various sectors. Industries such as finance, supply chain management, and healthcare have reaped the benefits of blockchain's transparency, security, and efficiency, leading to streamlined operations and increased trust among stakeholders.
Key Trends and Technological Disruptions
Decentralized Finance (DeFi): Decentralized Finance, or DeFi, is a rapidly growing trend in the Blockchain industry. DeFi refers to a financial system built on decentralized Blockchain networks, which allows for more transparency and eliminates the need for intermediaries. DeFi has the potential to disrupt traditional financial services, as it offers more efficient and cost-effective solutions.
Non-Fungible Tokens (NFTs): Non-fungible tokens, or NFTs, are digital assets that are verified on a Blockchain network. NFTs have gained popularity in the art world, as they allow for the ownership and verification of digital art. NFTs are also being explored in other industries, such as gaming and real estate.
Challenges
Despite the significant growth and potential of the blockchain industry in Australia, it is not without its challenges. One of the major challenges is the lack of clear regulatory frameworks for the industry. Blockchain technology is still a relatively new and rapidly evolving field, and regulations often struggle to keep up with the pace of innovation. The lack of regulatory clarity can lead to uncertainty for businesses, hindering investment and innovation in the sector.
Regulatory Framework:
The regulatory framework around Blockchain and cryptocurrencies in Australia is still developing, which can create uncertainty for companies in the industry. The government has established a task force to develop a regulatory framework for cryptocurrencies, which is expected to provide more clarity for companies.
Lack of Skilled Talent:
The shortage of skilled Blockchain developers and engineers is a significant challenge for the industry. Companies need highly skilled professionals to develop and maintain Blockchain applications, and the limited pool of talent can drive up costs.
Interoperability
Another challenge facing the blockchain industry is the issue of interoperability. As the industry continues to grow and more blockchain solutions emerge, there is a risk that different blockchains will become siloed and incompatible with one another, limiting their usefulness and adoption.
Future Outlook
The future outlook for the Blockchain industry in Australia is positive as the technology continues to gain adoption in various industries. The increasing focus on DeFi and NFTs is expected to drive innovation in the industry, and the government's support for Blockchain initiatives is expected to continue. However, challenges such as regulatory uncertainty and a shortage of skilled talent must be addressed to ensure the industry's long-term success.
Conclusion
In conclusion, the Blockchain industry in Australia is a rapidly growing sector that offers numerous opportunities for innovation and disruption. The government's support and increasing adoption of the technology in various industries are contributing to the industry's growth and success. However, challenges such as regulatory uncertainty and a shortage of skilled talent must be addressed to ensure the industry's continued success. The Blockchain industry is expected to play a significant role in shaping the future of many industries, and companies that embrace the technology are likely to remain competitive in the digital economy.
Moreover, the Australian government is also actively supporting the growth of the blockchain industry in the country. In 2019, the government announced a $100,000 grant to blockchain-based energy startup Power Ledger to support its project in deploying blockchain technology for renewable energy trading. In addition, the government has also launched the National Blockchain Roadmap, which outlines a framework for businesses and industries to take advantage of the potential of blockchain technology.
As the industry continues to evolve, businesses and industries in Australia will need to stay up-to-date with the latest trends and advancements in blockchain technology to remain competitive and capitalize on the opportunities offered by this rapidly growing sector. With its strong foundation and promising future outlook, the blockchain industry in Australia is poised for continued growth and success in the years to come.