Eftpos Australia, the leading Australian supplier of the point of sale, has unveiled ambitious plans to roll out blockchain-based autonomous vehicles and smart cities in Australia built with Hashgraph Hedera.
Robert Allen, Deputy CEO of Blockchain Australia and multi-year entrepreneur at Eftpos, spoke on Tuesday at Australian Blockchain Week and discussed the company’s intention to utilize distributed general ledger technology for cutting-edge infrastructure, including:
“We are dealing with smart cities. […] We want to look at autonomous vehicles and things that we have not even thought about yet. All this requires new infrastructure, and Eftpos should be informed about this.”
Ben Tabel, Investment Manager at Eftpos, highlighted the importance of the company’s DLT initiatives in partnership with Hedera, and highlighted the companies’ efforts to integrate digital identity and payment solutions in Australia.
“Right now, this is a big part of our work and effort to implement digital identity and transactions so that we can safely support payments and other transaction clubs in the Australian digital ecosystem,” he said.
Eftpos Australia first announced the proof of the concept for an Australian stablecoin using the Hedera hash chart in July 2020. While the pilot focused on small payments such as real-time streaming payments and pay-per-click content, Allen noted that the experiment paved the way for more ambitious measures:
“Hedera is the only NGN that supports these utility cases. So we wanted to test it and it works well. […] Now that we have this completely digital strategy, we are in a position where we can start looking for ways to solve the problems in a way. Maybe it’s more unconventional and more distributed. ”
In January, Eftpos became the 17th member of the Hedera Board of Directors and the first operator of the Hedera node in Australia.
Hedera recently expanded its board: Shinhan Bank launched earlier this month, French energy giant Electricite de France launched in March, and Standard Bank Group became the first network contract operator in Africa in February.