South Australian Premier Steven Marshall hopes to build blockchain hive

South Australian Premier Steven Marshall is eyeing the blockchain technology industry as one of the future growth engines of the state’s economy and wants a cluster of companies to eventually settle in a hub on the site of the old Royal Adelaide Hospital.

Mr Marshall said there was a first-mover advantage to be had in such a young industry and he wanted to grasp it. However, he would not be offering any financial incentives to entice individual companies to set up on a part of the former hospital site known as Lot 14, which is being promoted as an incubator of technology and creative industries on a prime city site on North Terrace.

“I see blockchain as a future technology that will go across every single industry,” Mr Marshall said on Thursday.

“There is no compelling reason why South Australia can’t be a leader in this field.”

Global blockchain conference

Part of building extra impetus involves holding a global blockchain industry conference in Adelaide on March 18 and 19 next year which is being run by the ADC Forum, which will attract leaders in the industry from around the world.

Mr Marshall is a believer in the “swarm of bees” theory whereby blockchain technology companies are still at a relatively early stage. A critical mass is yet to land in a particular geographic location to create an epicentre of like-minded companies in the way Silicon Valley built itself into a global technology powerhouse.

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Source: South Australian Premier Steven Marshall hopes to build blockchain hive | afr.com