Australian Government allocates 500000 Dollars to Explore Blockchain Applications

Australian Government allocates 500000 Dollars to Explore Blockchain Applications

The government has ringfenced $700,000 of the Digital Transformation Agency (DTA) budget to explore the use of blockchain for "government payments".

"These new functions include administering a new civil penalty regime to combat the non-consensual sharing of intimate images, and providing guidance and support to Australians of all ages who experience online abuse", budget documents state.

"Australia's national supercomputers give scientists across government, industry and universities the processing power for the complex scientific computations needed in an advance society including accurate weather forecasts, drug development, and large-scale astronomy", Professor Holmes said.

Continued funding to engage Australians in STEM through the Inspiring Australia program. "It must have the capability to meet core responsibilities and deliver functions, and to understand and deploy technology and data to drive improvement".

On the plus side, Bradley did welcome the government's establishment of three funds to address traffic-related infrastructure problems.

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 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".

Trump seen facing rebellion from biggest Iran oil customers
The peaceful nature of the Iranian nuclear program has repeatedly been confirmed by the International Atomic Energy Agency (IAEA). Arab League Secretary General Ahmed Abul Gheit stressed on Wednesday the need to review the Iran nuclear deal .

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. In response to the 2016 review of the policy, the government will now target the R&DTI through a new R&D premium for companies with turnover of $20 million or more.

Austrade, the government department that spruiks on behalf of local exporters, will enjoy a $3.2 million increase in funding, specifically for the rollout of a new national brand.

Also, late past year, the government revealed programs created to prove over AU $8 million (USD 5.9 million) in grants to a smart utility project based around Blockchain.

The Bureau of Meteorology will receive an undisclosed amount of funding to improve the security and resilience of its IT systems, while the Department of Home Affairs will receive an ICT systems upgrade to the tune of $130 million for visa processing, identity management and threat analysis.

"Looking at previous allocations in the budget and looking at them now, we would be hasty in saying that the government is walking away from its infrastructure investment", Russell said.

The government also set its sights on boosting Australia's artificial intelligence and machine learning performance by pledging $29.9 million to this industry, with particular emphasis on the energy, mining and cybersecurity sectors.

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