Australian Government Considers Blockchain Tech for Land Transport
The recently published Land Transport Regulation 2040 report by Australia’s National Transport Commission (NTC) suggested blockchain technology could change its existing transport model. Transforming the Current Transport Model. The National Transport Commission (NTC) is undertaking strategic work called Land Transport Regulation 2040. The aim is to....
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An Australian senator has come out as a big fan of blockchain, saying the technology could help facilitate government processes, tighten up financial regulation and more.
Decentralized recordkeeping startup Factom has reportedly partnered with the government of Honduras on a new land title registry initiative. Reuters reported that the Texas-based company, in partnership with title software firm Epigraph, was working with the Honduran government to develop "a permanent and secure land title record system" using the bitcoin blockchain, the distributed ledger that tracks all bitcoin transactions. Factom president Peter Kirby told the publication that discussions with the Honduran government began earlier this year. However, the company first hinted at a....
What this concept does is let recipient track their shipment from the departure all the way to its arrival. Imagine the world in which transport containers will become smart enough to know where they need to go. No human intervention required, although all of the commands would be stored on a distributed ledger. That is an area of technology Finland is pursuing, as they want to create blockchain-based transport container intelligence. Albeit the concept may sound strange on paper, it is not unfeasible to achieve either. A new project will take place in Finland later this year, which will....
Australia’s senate committee on technology and finance wants lawmakers to establish a national blockchain land registry. An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT.The Select Committee on Australia as a Technology and Financial Centre's second interim report offers 23 recommendations spanning blockchain, consumer data, and corporate taxation.Five recommendations deal specifically with blockchain and....
On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions. Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain. This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black. First-time government Blockchain. As a matter of fact, the private Blockchain that will be an alter-proof ledger will also be....