Last month blockchain leaders, innovators, and enthusiasts from 145 countries and 6 continents came together in Bangkok for DevCon 2024 , the annual Ethereum ecosystem conference. This global event showcased cutting-edge developments in blockchain and Web3 technologies, bringing together the brightest minds to explore Ethereum’s values, vision, and advancements.
Over four days, the Australian Blockchain Association (ABA) team attended thought-provoking talks, hands-on workshops, and networking sessions, sharing goals of creating a more decentralised, fair, and inclusive digital future.
Some Key Focus Points
Layer 2 Solutions: Driving Scalability and Interoperability
Layer 2 solutions emerged as a cornerstone of Ethereum’s roadmap, emphasising improved transaction speed, reduced costs, and enhanced usability. These advancements could make blockchain technology more accessible and scalable for global adoption.
DeFi and Financial Inclusion
Talks on decentralised finance (DeFi) underscored significant progress in democratising global financial systems, which may enable better access for underserved communities, and for “banking the unbanked.”
Data Protection and Privacy
The sessions explored blockchain’s role in enhancing digital security and privacy across industries, enabling safer interactions in finance, healthcare, supply chains, and more.
Why DevCon Matters for Australia
As representatives of the Australian ecosystem, we are excited to bring these insights home. DevCon not only provided cutting-edge knowledge but also fostered valuable connections with global innovators and within our thriving local Web3 community.
These learnings will help us:
Enhance Blockchain Education:
Empower Australians with up-to-date blockchain knowledge and training.
Drive Innovation Locally:
Strengthen partnerships and programs that keep Australia at the forefront of blockchain advancements.
Expand Web3 Adoption:
Collaborate with the global community to implement decentralised technologies in Australia.
The Future of Blockchain in Australia
The energy and collaboration at DevCon 2024 highlighted the limitless potential of blockchain and Web3 technologies. Inspired by this global gathering, the Australian Blockchain Association is committed to integrating these insights into initiatives that advance decentralised technology in Australia.
