Austrade, the Australian Trade and Investment Commission, in partnership with Standards Australia and the Australian Digital Commerce Association (ADCA) is embarking on a 10 day mission to China today to learn about blockchain technology.

With China processing $5.5 trillion in digital payments last year (50 times that of the USA), the Australian government is seeking to learn more about blockchain solutions as part of the Internet of Things (IoT) and a broader innovation drive.

During the trip, the Australians will be meeting with VC firms such as Fenbushi Venture Capital, partaking in Australia-China industry collaboration and standards dialogue with CESI and the CBD Advisory Group, and attending the Global Blockchain Summit 2017.

On September 14th, Austrade and ADCA will meet with INNOSPACE+ to discuss blockchain technology, with NEO founder Da Hongfei and NEO Council Secretary-General Tao Rongqi invited to attend the exchange.

Austrade promotes Australian capabilities, develops policy and makes connections through an extensive global network of contacts, leveraging the badge of government offshore and providing quality advice and services.

ADCA is the industry network for Australian businesses implementing blockchain solutions. ADCA members work together to build understanding of the potential of blockchain technology, share best practices and engage with government and regulatory stakeholders.

Links –