IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5.
The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs.
In her interview, Green placed repeated emphasis on ensuring data security for citizens – for which blockchain’s central offering of an immutable and encrypted ledger is a cornerstone innovation.
Green also saw the deal as a major step in Australia working towards a “paperless future” across different realms of the state’s jurisdiction, including taxation and border control.
IBM for its part has been steadily expanding its involvement in blockchain across diverse fields, with its Blockchain Platform successfully used just this week to power the first live operations in a major trading initiative involving twenty companies and five major banks.
Australian Liberal Senator Andrew Bragg is calling for blockchain adoption to uplift the financial regulatory system. Speaking at the Future of Financial Services 2020 conference, Andrew Bragg said that blockchain technology is the future.
Australian Prime Minister Scott Morrison is emerging as blockchain's latest hero after he stated that the technology offers massive opportunities in the financial markets.
The Gibraltar Blockchain Exchange (GBX) today announced its first Australia-based Sponsor Firm. Crypto SA has been approved to become the 14th Sponsor and can now bring token issuers to the GBX Grid and Digital Asset Exchange.
Australia’s Blockbid Adds Bitspread As Liquidity Provider Blockbid, an Australian cryptocurrency trading platform, has declared its collaboration with a quantitative asset fund BitSpread, which is used for blockchain fund.
Australian cryptocurrency trading platform Blockbid has announced a new partnership with BitSpread, a quantitative investment fund for blockchain assets as their liquidity provider. Working with crypto exchanges, BitSpread is a well-established and successful.
Australian blockchain startup, EZTokens has announced the launch of its worldwide cryptocurrency loyalty program called EZToken Rewards. EZToken is currently the world’s largest blockchain-based loyalty program by network size.
A senior Australia central bank official who called Bitcoin “fascinating” but its blockchain “inefficient” has come under fire for plagiarism and spreading incorrect information about cryptocurrency.
Dr. Tony Richards, head of payments policy at the Reserve Bank of Australia, said that the stability of the Australian dollar would make widespread Bitcoin adoption in the country unlikely. He also suggested that the local use of the currency is so limited that the central bank does not consider it a major impact on […]
Bitcoin Unlikely to Take Off in Australia, An RBA Official Suggests was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Bitcoin Press Release: Sydney-based loyalty program EZToken has announced the launch of its loyalty reward program. Monday, June 25, 2018, Sydney Australia – Australian blockchain company EZToken has announced the launch of its global cryptocurrency loyalty program (EZToken Rewards) in Australia.
Australian based peer to peer energy trading platform Power Ledger will collaborate with Silicon Valley Power to track the renewable energy use of electric vehicles. First Carbon Credit Project Perth startup Power Ledger has been pioneering blockchain based peer to peer renewable energy projects in countries around the world.
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