Australian Government Allocates $700,000 To Blockchain Study

The Australian government has pledged AU$700,000 (US$521,000) to their Digital Transformation Agency to explore the application of blockchain within government services.

The DTA will be using the funds between 2018-19 to investigate which sections of the government could benefit most from blockchain technology. “The Government will provide $0.7 million in 2018-19 for the Digital Transformation Agency to investigate areas where blockchain technology could offer the most value for Government services.”

This isn’t the first time the Australian government has allocated resources to investigating the use of blockchain technology either. The Commonwealth Scientific and Industrial Research Organisation (CSIRO) published two research papers last year on the risks associated with blockchain and how the technology can be used. Additionally, in November last year the Australian government announced that it would be providing $8 million in grants for a blockchain energy pilot, that will power distributed energy and water systems.

About Daniel Jordon

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Daniel is a writer passionate about all news, graduating from Cambridge with a Creative Writing Certificate. I love the outdoors, playing with my poodles and meeting with friends.