CSIRO to Look into the Potential of Blockchain Technology in Australia
Australia's premier research institution CSIRO to conduct an investigation into blockchain technology and its potential uses. The relationship between Bitcoin and Australia has been a roller coaster ride so far. There have been ups and downs, but now the country’s premier research institution, CSIRO (Commonwealth Scientific and Industrial Research Organization) intends to conduct an in-depth study of the digital currency technology to analyze the possibility of its implementation in different financial and industrial sectors. The announcement by CSIRO comes amidst the ongoing brouhaha....
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Australian based Commonwealth Scientific and Industrial Research Organisation (CSIRO), has announced that its digital technology branch Data61 will join forces with the Treasury to explore the potential of Bitcoin technologies. A publication on the CSIRO website on May 4 2016 says that CSIRO’s Data61 will undertake a review to fully examine the far-reaching potential and implications for both government and industry of the adoption of ‘blockchain’ technology. This exercise is expected to last for nine months, with the goal of ascertaining what the Blockchain technology could mean for both....
In an effort to understand and explore the possibilities presented by the innovation of bitcoin and its underlying blockchain technology, the Australian Federal Treasury will team up with Data61, a research unit of the Commonwealth to study bitcoin transactions in the bitcoin economy. Data61, a research unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) will join the Australian Federal Treasury and an undisclosed number of other government agencies in a nine-month study to understand the bitcoin blockchain. In a media release, CSIRO asserts that while the....
The Commonwealth Bank of Australia will host a two-day blockchain conference in Sydney next month in an attempt to explore the technology's potential. According to a Computerworld report, the bank - which recently partnered with distributed ledger startup R3CEV and has experimented with Ripple's technology - has teamed up with Coala, a research organisation which had already organised an international series of blockchain events. David Whiteing, CIO at Commonwealth Bank, said: "Blockchain has the potential to transform banking in the way that the Internet transformed how we buy music and....
Australia Post Accelerator has joined firms from across the globe that are experimenting with the blockchain technology which powers bitcoin. It is exploring three potential areas in which it believes blockchain can be developed: identity, registries, and e-voting. Australia Post Accelerator partner Rick Wingfield confirmed the move at Australia’s largest ICT event for the public sector. Technology in Government 2016 brought together senior public sector technologists and communications experts to discuss ICT solutions within government. There have been global discussions about how....
These non-financial capabilities of the blockchain have piqued the interest of established players across industries worldwide. It is not unthinkable to see distributed ledger technology make headway across multiple online services and platforms, including payments. Although some people might still see digital identity and authentication services as a niche market, government officials in various countries are working on achieving a similar goal. A surprising news was announced over in Australia recently, as Australia Post is exploring the options of using blockchain technology for their....