Australia has unveiled a national blockchain strategy and roadmap, with a boost of AU$100,000 in further federal funding.
In my opinion, Australia has a real opportunity to be at the forefront of the next wave of blockchain adoption. The government seems willing to explore options, and "test the waters" to see if blockchain adoption is a good idea. As we here know, it is a great idea and this story is another sign that the industry is gaining respectability and legitimacy.
Over the course of the past year, major initiatives have been underway in Australia to integrate blockchain across both the government and the financial sector.
The fact that the government is looking to integrate blockchain technology into the government and financial system augers well for the future. Lets hope that government adoption of blockchain technology flows through to acceptance of cryptocurrency, and an environment fostering growth and development of this industry.
Australia can be at the forefront of crypto, if it chooses to.