Issac Elnekave

#NDIS app with blockchain technology raises a multitude of ethical, technical & governance concerns, particularly given the controversial background of its developers who were previously involved with the robo-debt system. This initiative indicates a continued push towards automating compliance & accountability, which could potentially replicate past issues associated with #robodebt #Blockchain, while known for its security & immutability, can present significant challenges in #privacy management, especially concerning sensitive personal data of PWD. The lack of clarity about how data will be handled, who has access & how privacy is safeguarded is a major concern. The use of #algorithms to determine eligibility & the level of aid could replicate biases if not carefully designed & constantly monitored. This is particularly worrying if the algorithm's decision-making process is not transparent to the users or if they cannot contest its decisions effectively. The design of technological #solutions should prioritize the rights & needs of the end-users. This means designing with a focus on enhancing the autonomy & support for PWD, rather than merely streamlining government processes or cutting costs. Implementing blockchain technology in a #complex system like the NDIS involves significant challenges, not just in terms of technology integration but also ensuring that the system is user-friendly for people with varying levels of technical ability. Blockchain systems can face issues with latency & #transaction throughput, especially when scaled to accommodate the needs of all NDIS participants. This could impact the timeliness & reliability. Collecting & managing data across different #stakeholders within the NDIS ecosystem, such as healthcare providers, caregivers & government, requires a robust framework that ensures accuracy & timely updates of records. NDIA must maintain transparent about how the blockchain application was/is developed, deployed, & managed. Establishing an independent #ethical oversight committee would help address potential ethical issues arising from the use of blockchain & other tech. This should include representatives from the #disabled community, ethicists, technologists, & legal experts. The system should be continuously monitored & evaluated against #performance indicators not just related to technical performance but also user satisfaction & impact on service delivery. This should include mechanisms to quickly address any issues or failures in the system. Blockchain technology, while innovative, must be approached with caution to avoid repeating past mistakes associated with #automated decision-making in government services. The focus should always remain on improving the welfare & rights of PWD, ensuring they receive the support they need in a manner that respects their dignity & autonomy. Marie J. https://lnkd.in/g2a9Xetw

1

8 Comments

Introducing Australian FinTech’s newest Member - Breezepay #australianfintech #fintech #fintechnews #finance #financialtechnology #startups #startupnews #australianstartups #fintechstartups #stablecoins #payments #digitalpayments

3

I contributed to the outstanding 🚀 Cut Through Quarterly Report Q3 It's an in depth report and a highly encourage all Australian tech Founders and CEO's to read it A few key Insights for Q3 2024 📊 The latest report highlights some major shifts in the Australian startup and M&A ecosystem: • 💡 Total funding dropped to $695M in Q3, but deal volume hit a five-quarter high with a surge in accelerator activity. • 🌱 Seed-stage deals dominated, showing strong early-stage investor sentiment even as larger deals slowed. • 🌍 Investor focus continues to shift towards alternative exits, like secondary sell-downs and private equity buyouts. On page 24 of the report I have provided a less talked about perspective on sub-scale M&A -- While unicorns often steal the spotlight, a crucial driver of the entrepreneurial landscape lies in 6 & 7-figure exits. These deals provide life-changing outcomes for founders and serve as a foundation for long-term ecosystem health. In Australia, only 2% of businesses exceed $10M in revenue, making the sub-scale M&A market both vibrant and undervalued. This is similar to global markets like the US and EMEA. Smaller acquisitions fuel entrepreneurship, offering liquidity and the chance to reinvest in new ventures—proof that the startup engine is powered by more than just billion-dollar valuations. #Entrepreneurship #M&A #Startups #GrowthExits #Flippa #VentureCapital #AustralianStartups Chris Gillings Five V Capital Cut Through Venture

60

3 Comments

DASH Technology Group receives $20 million investment from tech investor specialist Bailador Technology Investments (ASX:BTI) #startups #startupnews #scaleups #scaleupnews #australianfintech #fintech #fintechnews #finance #financialtechnology #investments #investors #investing #capitalraise #funding #capraise #VC #venturecapital

49

The National Reconstruction Fund Corporation has made a $25 million equity investment in South Australian IoT and satellite startup Myriota as part of a broader $50 million funding round. The NRF Corporation said the investment would enable the company to add 100 high-skill jobs in Aus – including engineers, software and hardware developers, and satellite communications professionals – with the majority based at its SA-based advanced manufacturing facility. Martijn Wilder AM Ben Cade David Haley James Riley

33

Scaling isn’t just about resources—it’s about networks with “boots on the ground” insight. Startup ecosystems like French Tech Australia (FT AU) connect founders to mentors, resources, and markets, offering local knowledge that is crucial for expansion. These networks lend credibility, open doors, and provide on-the-ground insights to navigate new markets with confidence. From strategic partnerships to market access, ecosystems are invaluable in a startup’s journey from local success to global presence. Tip: Use your ecosystem’s resources proactively—growth is faster with the right boots on the ground. How has your network helped you scale? Share your experiences below! 👇 https://lnkd.in/gmuYeYDB #StartupGrowth #ScaleUp #BusinessNetworking #GlobalExpansion #StartupCommunity #EcosystemSupport #InnovationHub #EntrepreneurTips #MentorshipMatters #CrossBorderBusiness Resumption - Sales, Marketing, and Operations Consulting

3

LinkedIn reveals Australia’s Top 20 Startups of 2024 featuring fintechs Zeller, Bizcap Australia & New Zealand, Constantinople, pay.com.au and Visory #australianfintech #fintech #startups #startupnews #australianstartups #technology #tech #technews #jobs #workplaces #startupjobs

51

2 Comments

We're thrilled to celebrate a major milestone for Seed Space Venture Capital portfolio company, InvestmentMarkets. 🌐The company, founded by Angelina Wu and Chris Morton, is officially live in Australia, aiming to empower everyday investors with the information and access they need to navigate the world of funds management. 💡Angelina Wu resumes the mission of InvestmentMarkets to democratise investment opportunities. “Whether it's established managed funds, emerging funds, IPOs, scale-up or start-up investments, InvestmentMarkets provides unparalleled access to opportunities for investors,” 🚀With Angelina and Chris setting ambitious goals to expand the platform to 3,000 investment products by 2026, the future of InvestmentMarkets is promising. Congratulations to the entire team at InvestmentMarkets! At Seed Space Venture Capital, we're proud to support innovators like Angelina and Chris. We can't wait to see the platform grow and empower countless Australians to make better investment decisions. #SeedSpaceVC #InvestmentMarkets #InvestmentsAU

6

Discover the ultimate guide to scaling your Australian business with Google Cloud. Learn how Cloudverse, a trusted Google Cloud partner, can help you leverage cloud technology to optimize operations, reduce costs, and drive growth. #CloudComputing #CloudServices #DigitalTransformation #BusinessGrowth #AustralianBusiness #ScalableSolutions #CloudStorage #AIandML #DataAnalytics #CostEfficiency #GoogleCloudPartner #CloudMigration #CloudSecurity #ITInfrastructure #RemoteWork #DataDrivenDecisions #MachineLearning #InnovationInBusiness #CloudStrategy #BusinessScaling #TechnologyPartner #EnterpriseCloud #CloudOptimization

2

Australian Technologies Competition returns for 2024 to support and accelerate homegrown startups and scaleups #startups #startupnews #australianstartups #scaleups #scaleupnews #australianscaleups #technology #tech #ATC24 #innovation #growth

8

1 Comment

🇦🇺Australian AI companies made a powerful impact at Tech Week last week, showcasing how they’re transforming industries like health, financial services, and supply chain. With 650+ AI companies leading in areas such as AI-powered diagnostics and compliance management, Australia’s AI sector is on track to add up to $600 billion to GDP by 2030. Exciting times ahead for AI innovation! If you’re looking to connect with the forefront of Australian fintech and AI solutions, reach out to me for more insights on the game-changing opportunities in this space! #AIAustralia #Fintech #Innovation #TechWeek Kirstyn Thomson | David Wise | Diana Pang | Dinie Halim | Dila Raffar | Madeline Ferguson | William Johnson

68

5 Comments

Fintech startup JustFund accelerates growth with $86 million capital raise from Xilium Capital and GCI (Global Credit Investments)   #startups #startupnews #australianstartups #fintechstartups #australianfintech #fintech #fintechnews #finance #financialtechnology #investinginfintech #investments #investors #investing #capitalraise #funding #capraise #growth

8

🌐 ...#Australia plans to add regulations for stablecoins in its new digital assets legislative bill draft. This is to make clear guidelines for licensing and custody for crypto asset providers by the end of 2024. 🔺Regulatory bodies involved are Australia's Treasury and the Australian Securities and Investments Commission (ASIC). 🔺ASIC is in discussions with regulators from the EU, Singapore, Malaysia, Hong Kong, North America, and the SEC. 🔺Court Cases: #ASIC has taken legal action after Block Earner, BPS Financial Pty Ltd, #Binance Australia, and #eToro. 🔺Big banks in Australia have now put some restrictions on crypto due to scams. 🔺Blockchain Australia has changed its name to the Digital Economy Council of Australia (DECA), now including a membership category for banks. ASIC's Dr. Rhys Bollen stressed that crypto entities should keep in touch with regular legal consultations pointing out the global ongoing international collaborations and learning from cases around the world. While ASIC also cautioned against non-compliance, signaling more enforcement actions. #CryptoRegulations #Stablecoins #DigitalAssets #BlockchainAustralia #ASIC #CryptoCompliance #Compliance #Crypto #Cryptocurrency

15

Medable raised 30X more capital than Australian company AgriDigital. Except that AgriDigital did $15.854 Billion in transactions on their private blockchain. 95.995 million tons of grain. 20,360 business connections. 6th generation farmers. Not Stanford MDs. Here's a quote that some people are probably regretting 4 years later "Decentralized study company Medable has raised a large $91 million funding round as it continues to ramp up the deals in 2020. The series C is a major jump on its two previous rounds, more than doubling in one round the $45 million previously made in two, and was led by Sapphire Ventures with follow-on investment from existing investors GSR Ventures, PPD and Streamlined Ventures. This also comes after the firm penned a series of deals with life science contractors including the likes of Datavant, PPD and Covance, as it looked to help CROs navigate choppy pandemic waters with its siteless trial model.  SITELESS TRIALS MODEL.  There has been a real boon for these types of companies in 2020, as the COVID-19 crisis has ripped through the globe and halted thousands of trials, leaving regulators to recommend using the sort of virtual/siteless model Medable and others, like Science 37, offer. This saw Medable grow its revenue by 500% this year as more companies signed up for its services, which allows trial teams to combine real-world health records, claims, diagnostic and other sources with their clinical trial data. In essence, its model slashes the need for in-patient site visits and allows complex research protocols to be conducted remotely through its platform". https://lnkd.in/dy_i6aXx

2