DTA Australia: Malcolm asked to explore the Block-Chain Association in Australia. Australia may be the next Country and will be one strep more closer in Crypto World Now. DTA has revealed its intention to probe the welfare payment delivery system using Block-Chain Technology.
Also, read Australian Blockchain for Delivery Payments
The DTA Chief Digital Officer Peter Alexander has widely allocated and granted the Budget-2018-2019.
- DTA was given AU$700,000 to explore distributed ledger technology as part of the 2018-19 Budget.
- In which DTA will invest A$92.4 million in the next phase of work in Australia.
- The Technology will boost 500,000 people the opportunity to test the system. This Digital Identity will also enhance growth by bringing Country’s competitiveness.
- The association and funding is divided to facilitate Internal Partnerships, Collaborations by regular meetings and good Governance.
- This 2018-2019 Budget Allocated Statement is even responsible to initiatives to inform and educate all stakeholders in the ecosystem.
The DTA confirms the buzz around Block-Chain
The Australian Prime Minister- Malcolm Turnbull wrote addressing at Senate Estimates committee on Monday night to our minister and assistant minister for digital transformation- Michael Keenan and asked us to have a look at Block-Chain which evolved into this particular piece of work. Turnbull has issued directives to the Digital Transformation Agency to explore applications of Block-Chain Technology for Government use cases.
DTA is taking wide and massive steps get collaboration with Commonwealth Bank and several other stakeholders to figure out how Block-Chain might impact the FINTECH SPACE.
The Driving force and responsibility of Digital Transformation Agency – DTA which was incorporated in year 2015 is changing now and undertaking many projects. One of the major project underlined is to design and improve welfare measures in Block-Chain.
Australian Securities and Investments Commission -ASIC was looking at Block-Chain, Immigration. Now Home Affairs is looking at Block-Chain and considering it, and more agencies were talking about it. He told the senate committee underlining a widespread effort among Australian authorities to understand and implement the innovative decentralized technology. “Lots of vendors were even coming to government and talking about Block-Chain.”
The Chief Operating Officer in the Continent and CEO of Corporate Services and Transformation Group–Randall Brugeaudis very much confident and has announced that the protocol will come in market in mid-2019.
The DTA is even looking for artificial intelligence and machine learning which can impact better government service delivery and also help influence in other sectors as well.
According to Randal he educated on the point by adding that “Our plan is to look for use cases across the Commonwealth with an initial focus on the welfare payment delivery system, then working with our digital service standard, we’ll conduct user research with a view to having a prototype by the end of next financial year.”
He continued and told that they are looking for better future by providing automated service channel to the Users and Trader covering the entire Globe.
Looking into the impact of new and emerging Technology of Block-Chain the mission to match and extend Human Services.The association also acts to provide consumer protection, KYC, fraud prevention
The Culture in the Sovereign Continent is to create the profound impact the way we live and work by giving statistical solutions to its people.