The Government Adopts Blockchain Technology with Public Servants’ Network and New Trial in Australia
After the launch of the nationwide APS blockchain network for local state and Federal staff Australia launches a global blockchain trial with Singapore.
The Government of Australia is ready to utilize blockchain technology for document exchange works. They are all set for inter-government document exchanges with Singapore that serve to be the latest addition within the series of professional blockchain efforts. Establishing new networks that promote blockchain to public servants is likely to follow.
Earlier, a lot of companies collaborated for leveraging blockchain solutions in Australia, which includes a blockchain organization, HashCash Consultants. The California based blockchain technology company expands its services in Melbourne. They are ready to win over the Australian customers with their customers blockchain-based IT Solutions from the Melbourne center. They have declared a partnership with a video game developer in Australia to roll out their tokenization services and white label Crypto exchange for the gaming industry. The blockchain organization concentrated on providing white-label solutions for the gaming industry.
On 23rd November, the Australia border force launched a trial on trade blockchain in collaboration with Singapore Infocomm media development authority and Singapore customs for testing digital authentication systems. It is an initiative that can help compliance records and digital trade. This trial will incorporate secure and paperless trading along with the digital exchange of trade data as a part of the future design and architecture of the Australian trade single window.
The Australian industry group, the Australian chamber of industry, and commerce and financial organizations across Singapore and Australia, is likely to take part in the trial. Moreover, the border force is likely to convey their findings from the project to the supply chain working group. It is a pilot program that happens to be a part of the national blockchain roadmap carried out by Chloe White from the department of industry, science, energy, and resources.
On 5th November, the department of science energy and resources additionally launched the Australian public servant blockchain network along with the blockchain roadmap. Chloe White declared last week that the blockchain network happens to be a process to uncover the public servants interested in blockchain technology. It is a community for blockchain enthusiasts who are likely to be open to public servants interested in this technology. On the other hand, it can also be considered as raising awareness across APS.
In October, the federal budget for 2020 was announced at 5 million dollars. It was earmarked for two distributed ledger Technology initiatives with an additional 480 dollars given to projects that could profit from the integration of blockchain.
The government’s Senate Select Committee published a report during September 2020 In response to the first procession of Australia in 30 years. It predicted a significant adoption of blockchain within the financial and regulatory sectors of Australia. Moreover, the report extensively referred blockchain to as a Technology with higher than 50 citations of the globe.
