Australian Government allocates 500000 United States dollars to Explore Blockchain Applications

11 May, 2018, 00:27 | Author: Terri Saunders
  • Transport Infrastructure Investment Down By Almost $2 Billion

The Australian government has provided AU$11.3 million over two years for the Department of Finance to boost its "capacity to respond to critical priorities and drive productivity improvements across the Australian Public Service".

"That was nearly two years ago, and as this Budget shows, the Government is yet to take up the opportunity to come up with any meaningful policy initiatives or plan for our industry or the creative industries more broadly".

In its pre-budget submission the Australian Local Government Association called for a new community infrastructure fund of $300 million per year for four years. The remaining 300,000 AUD will be related capital for 2018-19.

Continued funding to engage Australians in STEM through the Inspiring Australia program.

The Australian government has always been receptive to blockchain technology.

"The APS needs to be apolitical and professional, agile, innovative, and efficient - driving both policy and implementation through coherent, collaborative, whole-of-government approaches".

A further $41 million will be spent to establish a national space agency in a bid to grow the industry and capture a slice of the annual US$340 billion global space industry.

As of February, there were 13 entities participating in NPP: ANZ, Australian Settlements Limited (ASL), Bendigo and Adelaide Bank, Citigroup, CBA, Cuscal, HSBC Bank Australia, Indue, ING Australia, Macquarie Bank, NAB, the RBA, and Westpac.

The 6 Best Announcements From Google's Annual I/O 2018
Also, it isn't just about the voice quality as it can pose the right questions, besides also putting in the right answers as well. We mentioned earlier there will be six new voices for the Assistant and later this year, John Legend will be lending his voice.


The government said it would provide $14.2 million over four years from 2018-19 to support the office, including $11.7 million for "new functions undertaken by the eSafety Office following the expansion of its role from promoting online safety for children to promoting online safety for all Australians".

"Each of our proposals will boost local economies as well as the national economy by - when considered together - adding more than $9.5 billion to GDP and more than 24,000 new jobs, with most jobs created in the regions", says ALGA president David O'Loughlin.

Schmidt said, ANU was all set to have a significant part to support a new space agency in the nation which is reported to support financially by £28 million (A$50 million) of seed funding in national budget that will be declared on 8 May, 2018.

The survey of 3138 CIOs - including 113 in Australia and New Zealand - found adoption of distributed ledger technology to be nearly non-existent, although eight per cent indicated they were at a "pilot execution" stage.

Additionally, in November past year the Australian government announced that it would be providing $8 million in grants for a blockchain energy pilot, that will power distributed energy and water systems.

The 2018 budget promises new funding for Australian Technology and Science Growth Plan and the Medical Research Future Fund.

"The detailed business case will provide options for improving how businesses interact with government, and will be considered in the 2019-20 Budget", budget documents state.

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