My today entry is on crypto news in which IBM and Australia govt signs a 740 $ Million deal to use blockchain for data security. It is a good news for Australia crypto investors.
My own opinion also in the favour of digital money that every country have to adopt bitcoin and also we have have to make some regulations on that so everyone can do the genuinly work.
The important contract will see IBM offer technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, together with protection and home affairs.
IBM’s Asia Pacific head, Harriet inexperienced, informed Bloomberg that the new partnership will provide Commonwealth residents get entry to to the “international’s greatest technologies” “across many, many authorities corporations.”
The brand new partnership will catapult Australia to “the pinnacle three of digital governments in the world,” she cautioned.
In her interview, inexperienced located repeated emphasis on ensuring facts safety for citizens - for which blockchain’s important supplying of an immutable and encrypted ledger is a cornerstone innovation.
The Australian authorities’s digital Transformation organisation (DTA) 2018-19 budget has already earmarked $530,000 for blockchain research, a circulate it says changed into precipitated through a specific request from the us of a’s prime Minister, Malcolm Turnbull.
IBM for its part has been regularly expanding its involvement in blockchain across diverse fields, with its Blockchain Platform successfully used simply this week to energy the primary live operations in a main buying and selling initiative concerning twenty agencies and 5 fundamental banks.