You don't have to look far to find local tech firms that are taking on blockchain and turning it into commercial potential – in fact, you only have to look as far as Auckland.

Amino is a next-generation decentralised computing network that operates on the blockchain, and it is already in its pre-launch stage. So far it has attracted global top 20 blockchain venture capitals, and it is also raising US$20 million for future development.

The eight-year-long project is the work of co-founders Dr Felix Xia and Michael O'Sullivan. At a launch event in Auckland last week, O'Sullivan explained how Amino's breakthrough infrastructure will make waves across AR/VR, autonomous driving, and smart manufacturing.

He also explained how Amino's underlying technology works. The Amino OS is able to adapt to user requirements, which tailors the computing network user with desirable results.

Co-founder Felix Xia explained his vision of how Amino is giving back to the New Zealand community.

“Twenty percent of funding from Amino is going to be contributed to innovation and research within universities and research institutes in New Zealand, and we are very excited about it,” he said.

Labour Party MP Raymond Huo also spoke at the event, where he discussed how the government plans to increase national GDP. He believes that Amino will play an essential part of reaching this goal as New Zealand shifts towards the future of goods and services.

“IP commercialisation will be the key. This is the reason why it is so exciting to share the launch here,” he noted.

Amino advisory board member and Grant Thornton partner Murray Brewer explained that Grant Thornton is harnessing blockchain on an international scale. The firm has dedicated offices that stress blockchain development.

“Grant Thornton strives to get a good New Zealand based philanthropic outcome for Amino,” Brewer said.

Amino advisory board member and Blockchain Association of New Zealand committee member Chris Linton said that Amino's ability to harness technology will help to create a stronger economic marketplace.

“Amino is a robust blockchain-based business that wants to have a long-term future and wants to create jobs in New Zealand and elsewhere and that chooses to harness New Zealand technology to grow the network and business,” she said.

The event also included networking opportunities between the Amino team and guests.

“As a result, a more grounded insight of Amino and how it is going to positively impact New Zealand and international businesses inspired much of the attendees,” Amino concludes.