Data61 and CBA demonstrate welfare blockchain payments


The Data61 of CSIRO and the Commonwealth Bank of Australia are singing for a new "smart money" experiment that will help manage payments in the National National Disability Insurance Scheme (NDIS).

By using an authorized Ethereum network with smart contracts that control when and where government money can be spent, the couple is promoting a potential future in which governments, businesses and beneficiaries do not need to look for receipts and can immediately learn about balances and assets.

"We are excited about the potential to enable NDIS participants to exercise greater choice and control over their disability support services, simplifying budget management and eliminating the need for paperwork," said the head of government and Commonwealth ADI Bank. "The results also show the potential to reduce administrative costs for disability service providers and the risk of accidental frauds and missions.

"The process also highlighted that technology could have a broad application across all government, business and non-profit sectors."

Demonstrating the concept required individualized NDIS plans, which allocated spending in categories, converted tokening line items, and allowed users to book and purchase services via a & # 39; mobile app.

"Participants never see the tokens – only their budget balances – because the tokens operate in the background", the Make smart money relationship from the couple said.

The report also compared the demonstration of the concept with a centralized database that replaced smart contracts with a rules engine and found no real benefit to the blockchain model when it came to choosing users, controlling money, and 39; accessibility, simplicity or efficiency.

Because the blockchain solution also required participants' data stored in a non-chain database, the report stated that it was more confidential, but observed that the additional nodes needed would increase the surface for attacks.

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For integrity, the report states that the immutable pattern of blockchain data was an improvement, but followed it with the main disadvantage of immutability.

"Any incorrect or fraudulent payment would have been simpler to reverse with a centralized database," says the report.

The report also admitted that a centralized database would probably be faster than concept demonstration, and while promoting the "modifiable nature of blockchain" as a way to achieve wider dissemination and cost reduction, the report admitted that blockchain would entail greater advances costs.

By directly addressing modifiability, the report stated that strategic contracts would be "probably" easier to modify than a database and that users would be able to create new policies if needed.

"An immutable ledger and multiple nodes can make it more difficult to upgrade the system if changes to the underlying architecture are needed," the report added.

Speaking at the Senate estimates last month, the head of the Digital Transformation Agency (DTA) digital office, Peter Alexander, said that for every use of blockchain there is a better alternative.

"Blockchain is an interesting technology that would be worth observing, but without standardization and a lot of work to come – for every use of blockchain you would consider today, there is a better technology – alternative databases, secure connections, standardized APIs" Alexander said at the time.

"Blockchain: interesting technology but at the beginning of its development, it is at the top of a cycle of hype".

Alexander stressed that although blockchain can be used in low confidence environments, the government wants to have relationships of trust and knowledge with those who are interacting, and has noticed where the hype surrounding technology comes from.

"I think it would be fair to say that a lot of big sellers and technology sellers are pushing the blockchain a lot, they see selling opportunities in it," Alexander said.

"So internationally, most of the clamor around is from suppliers and companies, not from governments, or users and service providers who say" blockchain is the solution to our problem ".

"It's not that we do not trust any of the sellers – it would be an unjust characterization – we trust the sellers, but we note that the motivation is generally sales and revenues".

The DTA CEO Randall Brugeaud said in May that the agency is examining the use of Centrelink's blockchain payment for welfare payment.

"Our plan is to look for use cases throughout the Commonwealth with an initial focus on the welfare payment system, then working with our digital service standard, we will conduct user research in order to have a prototype by the end of the next financial year, "said Brugeaud at the time.

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