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The Australian government is experimenting with the use of blockchain technology for intergovernmental document exchanges with Singapore as the latest in a series of blockchain efforts. Immediately follows the establishment of a new network that promotes the blockchain to public employees.
On November 23, the Australia Border Force launched a commercial blockchain trial in partnership with Singapore Customs and Singapore Infocomm Media Development Authority to test digital verification systems. ABF Commissioner Michael Outram explained that the process will help digitize commercial and compliance records, adding:
“This initiative will incorporate paperless commerce and the secure digital exchange of business information as part of the future architecture and design of a one-stop shop for Australian commerce.”
The Australian Chamber of Commerce and Industry, Australian Industry Group and financial institutions in Australia and Singapore, including ANZ, will take part in the trial.
The Border Force will transmit the results of this project to the Supply Chain Working Group. The pilot program is part of the National Blockchain Roadmap led by Chloe White of the Department of Industry, Science, Energy and Resources.
On November 5th, DISER also launched the Australian Public Servant blockchain network in line with the Blockchain Roadmap.
White explained last week that the web is a way to “find out who public employees are interested in the blockchain”. The community for blockchain enthusiasts will be open to all public employees interested in the technology.
“It is a first step towards achieving signpost seven of the national roadmap for blockchain: raising awareness across the APS”
This year’s federal budget announced in October, $ 5 million has been allocated to two “distributed ledger technology initiatives,” with an additional $ 480 awarded to projects that could benefit from blockchain integration.
In response to Australia’s first recession in 30 years, the Government Senate Select Committee released a report in September that predicted significant adoption of blockchain technology in Australia’s financial and regulatory sectors. The report makes extensive reference to the blockchain with more than 50 quotes of the word.
