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.

IBM will also make efforts to upgrade the Australian platform for the protection of personal data of users, which should save taxpayers about 100 million Australian dollars ($74 million).

In addition, both parties will participate in the program of development of innovative technologies, including blockchain technology, artificial intelligence and quantum physics. In General the cooperation is expected to significantly aid in the development of Australia in 2025 as one of the countries in the top three global it leaders.

Recall that in the spring of this year, the Australian government has funded a study of the use of blockchain technology 700 thousand Australian dollars ($520 thousand).