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Australian Government Launches Blockchain Roadmap to Mixed Response

Australian Government Launches Blockchain Roadmap to Mixed Response

The Australian government has launched its national blockchain roadmap, aimed to extract economic value from the immutable record technology.

The roadmap sets out a strategy for governments, industry and researchers to capitalise on opportunities and address challenges. It also proposes signposts towards a blockchain-inspired future.

The roadmap sets a national plan for the next five years, including the establishment of a national blockchain steering committee, working groups, blockchain qualifications, startup and investment programs, and advancing international blockchain pilots and trade infrastructure. It is claimed that blockchain technology will generate an excess of US$3 trillion by 2030.

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As per a report, the integration also explores three specific local sectors where blockchain could generate particular value in Australia: education, financial, and agricultural.

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