‘Docklands DAO’ plan to help Melbourne precincts recover from the pandemic
RMIT Blockchain Innovation Hub has proposed a pilot program for “Docklands DAO” that will help Melbourne precincts recover from the pandemic. The Royal Melbourne Institute of Technology’s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne’s CBD in recovering from the impacts of the pandemic.The report, which is part of a five-piece series of reports funded by the Victorian Government in Australia, details how blockchain technology — specifically DAOs — can be....
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A virtual recreation of Melbourne Park including the Rod Laver Arena and Grand Slam Park will be open for the duration of the AO tournament. Tennis Australia has partnered with Decentraland to host the Australian Open (AO), which will be the first official tennis grand slam in the Metaverse.A virtual recreation of key areas in Melbourne Park, including the Rod Laver Arena and Grand Slam Park, will be open for the duration of the Australian Open tournament, which will run for a fortnight beginning on Jan. 17. The event will include exclusive content for virtual visitors, including....
Backfeed, an open-source startup that develops a social operating system for decentralized organizations, suggests possible solutions for DAO problems. Julian Feder of Backfeed writes: “We felt about DAO’s the same way normal people feel about unicorns and UFO’s, and at last, contact is established, disclosure may begin.” DAO’s potential failures. Backfeed is a young organization that has been working resiliently on developing effective models of conducting the Distributed Autonomous Organization. They have put a lot of work into proving to the whole world that a decentralized organization....
Hero Subs in Melbourne, Australia has become the city's first fast food outlet to accept bitcoin, offering an enticing 50% discount to bitcoin customers until 15th June. It also plans to introduce an exclusive 'Bitcoin Sub' - available only to customers paying with bitcoin at all four of the company's Melbourne locations. Hero has teamed up with not just one, but two local payment systems to support its new network. The first is Melbourne's best-known bitcoin startup CoinJar; the other is fellow digital currency pioneer DC POS. DC POS, which charges 0.5% commission to receive and store....
The Melbourne Bitcoin Technology Centre (MBTC) has partnered with the Bitcoin Group to give away the digital currency in Melbourne's Chinatown precinct. The "lucky money" envelopes containing a bitcoin paper wallet were handed out to passers by and merchants to mark the Chinese New Year. Pantelis Roussakis, communications manager at MBTC, said: "During the Chinese New Year celebrations people wear red clothes, exchange decorative poems on red paper and give out 'lucky money' in red envelopes. Today amidst the New Year festivities in Melbourne's bustling Chinatown, we hit the streets,....
Are smart contract implementations requiring zero human intervention reliable? A thousand years of legal history and the DAO suggest something more than zero is required. Contract Reformation. The DAO (Distributed Autonomous Organization) resembles a smart contract. It deploys source code on a blockchain distributing virtual currency to parties according....