Australia Allocates Small Portion of Digital Budget to Blockchain Research

[kreslik.news]

The Australian government has announced in its federal budget for 2018/2019 that blockchain technology will receive some money and attention. The sentence says:

“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.”

The Digital Transformation Agency was set up in 2015 to facilitate the entrance of the Australian government into the digital world. In this year’s budget it has been allocated a total of $92.4 million. Research into blockchain technology will receive 0.75 percent of this.

Australia has indicated in the past that it is ... (read more)