The Australian government is testing the use of blockchain technology for intergovernmental document exchange with Singapore as the latest move in a series of pro-blockchain efforts. It follows shortly after building a new network to promote blockchain for public servants.
On November 23, the Australia Border Force, in partnership with Singapore Customs and the Singapore Infocomm Media Development Authority, launched a blockchain trade trial to test digital verification systems. ABF Commissioner Michael Outram said the study will help digitize trade and compliance records, adding:
“This initiative will include paperless trading and the secure digital exchange of trade information as part of the future architecture and design of a single Australian trade window.”
The Australian Chamber of Commerce and Industry, the Australian Industry Group and financial institutions across Australia and Singapore, including ANZ, will be participating in the process.
The Border Force will forward its results from this project to the Supply Chain Working Group. The pilot program is part of the National Blockchain Roadmap led by Chloe White of the Department of Industry, Science, Energy and Resources.
On November 5th, DISER also launched the blockchain network for Australian government employees according to the blockchain roadmap.
White stated last week that the network was a way “to find out who the officials who are interested in blockchain are”. The blockchain enthusiast community is open to all public servants interested in the technology.
“This is a first step in implementing Signpost 7 of the National Blockchain Roadmap: APS Awareness.”
The federal budget for this year announced in October was earmarked at USD 5 million for two “initiatives for distributed ledger technology”. Another $ 480 has been allocated for projects that could benefit from blockchain integration.
In response to Australia’s first recession in 30 years, the government’s Senate Select Committee released a report in September predicting significant adoption of blockchain technology in the Australian financial and regulatory sectors. The report extensively covers blockchain with more than 50 quotes of the word.