Article: Australia offers $4.6M to blockchain pilots targeting mineral supply chain, food industry

Blockchain, Governance

Australia offers $4.6M to blockchain pilots targeting mineral supply chain, food industry

The government of Australian is offering A$3 million (US$2.3 million) in grants to two pilots that will develop blockchain-based solutions targeting the mineral supply chain and food and beverage sectors.

Through its Blockchain Pilot Grants program, the government is offering the funding in a bid to demonstrate the potential for blockchain to reduce regulatory compliance burden for businesses. It will offer the funding to two projects, which can either be a business or a publicly funded research organization.

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Article: Australia allocates $5.3M to blockchain pilots

Blockchain

Australia allocates $5.3M to blockchain pilots

The Australian government has allocated A$6.9 million (US$5.3 million) to study the role blockchain technology can play in regulation. The funds will go to two pilots looking into reducing the cost of regulatory compliance through blockchain integration.

As per a report by ZDNet, the government granted the money to the Department of Industry, Science, Energy and Resources. As the department told the Senate, it will, in turn, allocate the money to two blockchain pilot projects. The two will be seeking to prove that blockchain can reduce the cost of regulatory compliance.

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