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The Support Networks to Consult When Running a Business in Australia

  • Written by News Company


When business thrives, the Australian economy prospers. Running your own business can be daunting, but you’re not on your own. There are many places you can head to get financial, operational and marketing support for your business and in turn, to help the Australian economy.

 

Exploring self-employment is not for the faint-hearted. It takes commitment, a thick skin and a few sleepless nights. Combine this with the fear that new business owners have about their potential success, and many people are deterred from making the leap.

 

With the knowledge of support systems in place, more people should be encouraged to invest in a business of their own. This guide outlines the places you can turn for valuable support in your venture.

 

Business.gov.au

 

This government-run website provides a selection of tools and templates for anyone starting up or already running their own business. This will help you plan and prepare for business development, including writing business and marketing plans. The platform also includes checklists for starting a business, as well as information about places and events designed around small businesses.

 

AnyBusiness.com.au

 

When building a business from the ground-up is too much of a risk, buy a business that’s already up and running. Any Business is a directory of established businesses for sale across Australia. The listed businesses already have an existing formula, meaning your investment is more certain of success. Existing businesses have the tools and customer base necessary to get started, and you’ll find all the information you need to know in regards to fees and potential growth on the Any Business website.

 

Small business grants programmes

 

Consult your state’s small business grants programme to help you take the next step. Generally, these programmes are designed to fund capital improvement rather than operational expenses. There are a number of eligibility requirements, so be sure to check these before applying for a grant. The scheme ensures that small business owners can have that capital for startups or expansions.

 

Workshops and events

 

The Australian government holds workshops and events throughout the year, offering advice, support and networking to business owners. Events are a combination of paid and free entry, and can be a valuable resource for training and helping your business to grow. Visit business.gov.au/events to find conferences in your area.



TrustNote and Achain announce strategic partnership to roll out blockchain alternative

  • Written by Tess Sanders Lazarus


Two of the world's most progressive organisations in the public blockchain space have announced a strategic partnership to explore and spearhead innovations in distributed ledger technology, specifically an alternative to the blockchain digital ledger. 

 

TrustNote Foundation (TrustNote), a Directed Acyclic Graph (DAG) based distributed ledger and its development platform for the tokenised economy and Achain Foundation (Achain), one of the earliest public blockchain platforms will work together to jointly promote the DAG based ledger technology (DAG technology).  The partnership will include collaboration on activities including research and development (R&D) and marketing and is also expected to accelerate advancements in decentralised application development based on the DAG technology.   As part of the arrangement, Achain has also invested in TrustNote by exchanging a number of TrustNote’s tokens (TTT) with its own token (ACT).

 

While blockchain has grown in popularity, largely because it is the data structure underlying Bitcoin technology, issues with latency and slow performance have continued to hamper the decentralised technology.    Blockchain-free cryptocurrencies such as DAG technology are being heralded as the future of distributed ledgers. 

 

Cui Meng, founder of Achain today said " We believe TrustNote is the core technology for tomorrow’s tokenised applications.”

 

"The Achain team has recently conducted in-depth technical review on TrustNote’s DAG technology. During our intense technical discussions and debates with TrustNote’s developers, we came to the conclusion that DAG technology is the way to ultimately solve the performance and scalability issue faced by today’s blockchains,” Cui Meng added.

 

“We also recognised that if TrustNote succeeded in building a secure smart contract system on the top of its DAG-ledger, TrustNote would become the standard to support tomorrow’s tokenised applications.  We believe they will.

 

“Imagine one day, instead of a privileged few, everyone is able to issue tokens, and those tokens could be instantly transacted thanks to the benefits of DAG technology, how cool is that!"

 

An expert in the underlying technology involving distributed ledgers, the Internet of Things and mobile internet, TrustNote has put this knowledge to good use and developed a minable, asynchronous, high-performance DAG based distributed ledger technology and its main chain has been running for three months since its launch on January 18, 2018. 

 

Since its launch, TrustNote developers have been working hard to continuously improve its concurrency, and are expecting the technology to become number one in the blockchain industry.

 

According to Jeff Zhou, founder of TrustNote, “we are extremely honoured to be partnering with Achain and look forward to disrupting and advancing the tokenised economy.   Our partnership provides a powerful opportunity for TrustNote to expand our technology reach quickly.

 

“DAG technology is the future of distributed ledgers.   In a DAG-ledger, because there is no block, there is no block size issue. By decoupling branch selection and double-spending detection from transaction verification, and allowing nodes to verify transactions in parallel, in theory, a DAG-ledger can achieve unlimited scalability.”

 

“Most of today’s DAG-ledgers have no incentives like mining.  Without proof-of-work based incentives, it’s much harder to achieve decentralised consensus.  Inspired by DASH’s two-tier network architecture, TrustNote combines proof-of-work and a DAG ledger structure to encourage fair and trustable peer election with the capacity to reach a scalable consensus without compromising decentralisation and security.

 

Cui Meng added that “TrustNote’s innovative use of DAG technology not only solves the ubiquitous problem of today’s blockchain technology including high congestion, high transaction costs, and long transaction delay, it also makes TrustNote an ideal choice for tomorrow’s tokenised applications.

 

“TrustNote supports fast issuance of digital tokens and enables the tokens to be seamlessly integrated with TrustNote’s Super Wallet.   This functionality delivers a level of simplification and user-friendliness for token processing and management that has been previously unavailable.

 

“Importantly, Achain also chose to collaborate with TrustNote because of the high performance and scalability TrustNote could offer.”  

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