Ledger Assets claims to have created first Australian blockchain

posted almost 6 years ago
Perth company Ledger Assets says it has created the first Australian blockchain and slashed the amount of energy used by the revolutionary technology.

Ledger Assets' blockchain is already supporting another Perth startup – Power Ledger – which is trialling peer-to-peer trading of surplus household solar power which has the potential to further disrupt the centralised power grid.

Ledger Assets is also exploring further opportunities in the arts, medical records and insurance sectors using its pioneering Australian blockchain, a "permissioned" – or private – blockchain it has dubbed "EcoChain".

EcoChain can create one new block per minute, 10 times faster than bitcoin's blockchain. EcoChain is initially using the bitcoin blockchain as a backbone but it will go it alone in about two years when it is confident its technology is sound.
Tags: news, blockchain