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The Australian APEC Study Centre & RMIT’s Blockchain Innovation Hub pitch for blockchain to PNG parliamentarians. 

30 Oct 2018

In partnership with the Papua New Guinean APEC Business Advisory Council (ABAC) and Blockchain Pasifik, the Australian APEC Study Centre (AASC) hosted a briefing for Papua New Guinean parliamentarians on the role of emerging technologies in a development context, focusing specifically on the application of Blockchain within Papua New Guinea.  

181010 APEC Study Centre Blockchain Brie

In anticipation of the event, globally renowned academics from RMIT’s Blockchain Innovation Hub, Dr Darcy Allen and Dr Chris Berg, developed a report assessing the use case for Blockchain in a development context which they presented in detail at the event.

The report gave an insight into the merits of this ground-breaking technology, outlined policy implications and assessed its potential role in a development context by considering the future potential impacts of blockchain application. Dr Darcy Allen, from RMIT Blockchain Innovation Hub, said that ‘blockchain technology might change the way that economic development occurs: moving towards a process of decentralised development by local entrepreneurs.’

While the report provided a strong groundwork for interested parties including senior politicians and industry representatives from PNG, the briefing, funded by the Australian Department of Foreign Affairs and Trade (DFAT), gave stakeholders an invaluable opportunity to ask questions from leading experts and understand the issues in more detail. 

The blockchain briefing in PNG was an important step in connecting academia, policy makers and industry to understand the opportunities and challenges that blockchain technology present for all APEC economies.”

- Dr Darcy Allen.

181010 APEC Study Centre Blockchain Brie

Following the Briefing, industry speakers (Dr Peter Lovelock, TPRC, Mr Isikeli Taureka, ABAC PNG Mr Nou Vada, Blockchain Pasifik, Ms Rosa Thompson, Consensys) discussed the benefits and challenges of adopting Blockchain within the PNG context. The panel also assessed the regulatory barriers and environment required to adopt such technologies.   


Under the theme of “Harnessing Inclusive Opportunities, Embracing the Digital Future,” PNG, hosts of APEC 2018, have demonstrated their vision of future-proofing their economy and a willingness to adopt new technologies where and when appropriate; making this briefing vital in achieving its vision.


Please read the report here.

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