In Australia, the Minister of industry, science and technology Karen Andrews (Karen Andrews) and Minister of trade, tourism and investment Simon Birmingham (Simon Birmingham) announced the creation of a national blockchain strategy and roadmap for its implementation, which will require the Federal government allocating additional funding in the amount of 100 thousand Australian dollars ($71.2 million).
It is expected that, following the proposed route, increasing the blockchain-industry of the country will become a world leader. This roadmap included the development of regulatory frameworks capacity development and skills, innovation, investment, development of international competitiveness and cooperation. The new portion of funding should also promote the participation of local companies in the trade mission Austrade in the blockchain conference by Consensus in the United States.
Earlier, the government has already allocated 700 thousand Australian dollars (about $500 thousand) on research in 2018-2019, the benefits of blockchain technology for the state payments and 350 thousand Australian dollars (about $250 thousand) – for the promotion of the development of international blockchain standards.
Recall that the Australian reporting and analysis centre transactions (AUSTRAC), in partnership with the University of Technology Swinburne in Melbourne was created and began to test the DLT prototype for the automation of reporting on international transactions. Last fall, a Federal research Agency CSIRO Australia and one of the largest commercial banks in the country announced the successful completion of the test, the blockchain-a prototype for optimizing the process of insurance payments to persons with disabilities.
The leader of the Australian exchange operator, ASX Ltd, the company announced the transition plans in 2021 for a new one, based on blockchain technology system calculations. And the American Corporation IBM and the Australian government signed a contract for 1 billion Australian dollars ($740 million), according to which within 5 years the company will support government authorities, including the departments of defense and interior, using blockchain technology, and striving for process automation.