At the Bitcoin Cash City conference in North Queensland, the CEO of Code Valley, Noel Lovisa, announced plans to build a $50 million dollar Bitcoin Cash tech park in the city of Townsville. The plan is to aggregate startup companies and there are more than 12 Bitcoin Cash focused startups already on board. Additionally, the BCH tech park creators aim to create a sister project with a mining and server facility built near the Kennedy Energy Park.

Code Valley CEO Announces Bitcoin Cash Tech Park

Code Valley CEO, Noel Lovisa, speaking to Bitcoin Cash City conference attendees in Townsville. He told the crowd that day that the Code Valley team had won a tender and they have plans to build a $50M Bitcoin Cash tech park in Townsville, North Queensland.

Over the last two years, many BCH proponents have heard about the city of Townsville on the coast of North Queensland, Australia. The city is well known for its dense population of BCH supporters and the 78 bitcoin cash accepting merchants. On Sep. 4-5, Townsville hosted the first annual Bitcoin Cash City conference, a BCH-centric event in a city full of supporters, developers, and BCH retailers. During the two-day event, participants heard from Code Valley team members like senior software engineer Mark Fabbro and CEO Noel Lovisa. The two discussed a subject called Emergent Coding which is essentially a software supply-chain or global compiler network that will work in concert with the BCH chain. “If the utility of BCH is going to be an international currency then at some point we’ve got to get the global economy using bitcoin cash,” the Code Valley CEO insisted during his talk at the event. Lovisa also told conference attendees that emergent coding will bring “a serious amount of economic activity onto the Bitcoin Cash blockchain.”

Lovisa further said that with emergent coding, the company didn’t want to stop there and aimed to leverage the benefits of Bitcoin Cash City as much as they could. So the company formulated a plan to create a Bitcoin Cash tech park based on Emergent Coding technology in Townsville. In Lovisa’s eyes, Townsville has an edge on adoption already and the city is “a year or more ahead” than most urban areas. The Code Valley executive told the event participants that a tender came up from the city for the redevelopment of the North Rail Yard and they won the tender. This means the project will partner with the city to develop the tech park Lovisa revealed. After the Bitcoin Cash City conference, news.Bitcoin.com spoke with Lovisa to get more information about the BCH tech park in Townsville.

Source from Bitcoin.com, author Jamie Redman

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