Software engineers with a passion for the sharing economy recently converged on RMIT University to help improve business regulation using disruptive technologies.
From 12 to 14 May, almost 100 participants in #RegHackDownUnder explored tech solutions to better and more efficiently enforce regulation in the finance and energy sectors for the benefit of customers and governments.
The three-day “hackathon” was the first of its kind in Australia and was hosted by three of RMIT’s Enabling Capability Platforms (ECP): Global Business Innovation, Information and Systems (Engineering) and Social Change.
Working in teams, participants presented business solutions based on new technologies like Uber and AirBnB. Three major cash prizes were on offer for the best ideas: $10,000 for first place, $7000 for second and $4000 for third.
Global Business Innovation ECP Director Professor Anne-Laure Mention said that the event highlighted how governments and businesses can better react to the fast pace of technological change.
“Digital disruption is not upsetting the apple cart, it presents a major opportunity,” said Mention. “But, taking advantage of this opportunity requires organisations to engage in new ways of thinking and new ways of doing things.
“RegHack gave participants the chance to see how regulation and technology are colliding and gain the skills and knowledge needed to make meaningful contributions in this increasingly essential and fast-moving space.
“I was blown away by their ideas and encouraged by the incredibly initiative and promising solutions they presented,” she said.
#RegHackDownUnder was organised and led by ConsenSys Director Chami Akmeemana, and supported by the Victorian Government and the Australian Digital Currency Commerce Association.
Story: James Giggacher