DISER To Receive AUD 6.9 Million In Blockchain Funding

Aside from reportedly forming a working group that will be comprised of more than 70 people actively involved in the blockchain sphere – whose identities have not been revealed – DISER will be receiving $6.9 Million in funding from the Australian Government to fuel 2 blockchain pilot projects focusing on regulatory compliance.

Focusing On Food And Rare Minerals

The  Department of Industry, Science, Energy and Resources stated that for now, the 2 blockchain pilot projects that are being bankrolled by the state will be focusing on the mining and agricultural sectors.

According to Tim Bradley – the general manager of DISER’s Emerging Technologies and Adoption branch – the move will hopefully show the public sector how much blockchain can help. This is not the first time the government has funded research in this sector – but generally the funding wasn’t as extensive.

We’re developing the guidelines for those now, but, of the two pilots, one will be around the issue of critical minerals and the other will be designed around food and beverage provenance. This is very much an initiative to advance technology to demonstrate the use of the technology across the [Australian Public Service] and with regulators. It is designed to demonstrate the benefits that technology can bring and help bring along changes amongst regulatory culture.”

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Tim Bradley went on to say that the advances in other sectors made using blockchain technology have already showed the greater public – as well as government representatives from all echelons – that the implementation of blockchain technology has garnered positive feedback nearly everywhere it was implemented.

Although the exact details of the two blockchain pilot projects have not been laid out yet, they should follow soon – hopefully with a widespread implementation across all sectors.