The Australian government will pilot blockchain technology to exchange intergovernmental documents with Singapore as the last step in a series of attempts to favor blockchain. It is following in the footsteps of a new network promoting the blockchain to government officials.
On November 23, the Australian Border Patrol, in collaboration with Singapore Customs and the Singapore Information Technology Development Authority, launched a blockchain trading trial to test digital verification systems. ABF Commissioner Michael Outram explained that the test will help digitize trade and compliance records, adding:
“This initiative will include paperless trade and the secure digital exchange of commercial information as part of the future engineering and design of the Single Trade Window in Australia.”
The lawsuit will involve the Australian Chamber of Commerce, the Australian Industry Group, and financial institutions in Australia and Singapore, including ANZ.
Border Forces will share the results of this project with 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 5, DISER also launched the Australian public service blockchain network in line with the blockchain roadmap.
White explained last week that the network is a way to “uncover officials interested in the blockchain.” The blockchain enthusiast community will be open to all government officials with an interest in technology.
“This is the first step in implementing the 7th National Blockchain Roadmap: Raising Awareness in APS”
In this year’s federal budget announced in October, $ 5 million was allocated to two distributed ledger technology initiatives, with an additional $ 480 for projects that could benefit from blockchain integration.
In response to Australia’s first recession in 30 years, the Senate Government Committee released a report in September predicting a significant spread of blockchain technology in Australia’s financial and regulatory sectors. The report describes the blockchain with over 50 citations per word.