The blockchain industry is firing on all cylinders worldwide. Australia is the latest country to express its plans for this disruptive technology.
It appears that a $175 billion fund will be set aside to explore blockchain technology.
The Blockchain Effort in Australia Takes Shape
This funds is more than necessary to fund all of the associated research and development.
Rebuilding the country’s infrastructure from scratch will pose many different challenges.
Those efforts will be worth it, assuming Australia can become a global leader in DLT.
The first points of focus lie with banking, export, and educational infrastructure.
All of the legacy systems associated with these industries need to be overhauled and replaced in the years to come. Read More...