Australian federal government to invest $700 K on that brand-new ‘blockchain’ thing

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Revealed: The Secrets our Clients Used to Earn $3 Billion


CNET.

There’s no doubt the tech world has actually gone bananas for blockchain in the previous couple of years.

And, if something has actually made waves in the tech world, you can ensure the world’s federal governments will wish to get on that pattern … in between one to 3 after the remainder of the world has actually worked it out.

It remained in that vein that the Australian federal government bied far its federal budget plan over night, laying out the costs steps and policies that would specify the nation for the next year and beyond. And if you were playing blockchain bingo, you, my good friend, simply got to consume.

The federal government has actually assigned AU$700,000 to “investigate areas where blockchain technology could offer the most value for Government services.”

It’s great to see any federal government upgrading itself for the 21 st century. But the Australian federal government has actually come under fire in the past for stopping working to adjust to the fundamentals of the modern-day digital age (like the time the Department of Immigration inadvertently dripped the information of 31 world leaders to the organisers of a soccer competition).

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What the heck is blockchain?



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It remains to be seen how the world’s governments will use the next big technologies of our era. But it could mean paying your next parking fine with Bitcoin.