Australia has published a five-year blockchain development plan in the country

The Australian Department of Industry has published a national roadmap for blockchain development.to facilitate the introduction of technology in the country.

According to the document, blockchain has the potential to create jobs, save companies and improve the country's economic growth.

As part of the five-year plan, it is planned to create a regulatory framework, raise awareness of the blockchain and expand global opportunities for investment and cooperation.

In particular, the “roadmap” outlines 12 steps that the government plans to take to help Australia move towards a “future with the participation of the blockchain”:

1. Formalize the National Advisory Committee on the Blockchain Roadmap and rename it the National Steering Committee on the Blockchain Roadmap.
2. Create working groups to analyze blockchain use cases.
3. Explore options for using blockchain in agriculture, education and finance.
4. Create a group of government blockchain users to discuss findings drawn from existing government technology use cases.
5. To study the international experience and the experience of countries using blockchain to provide effective public services.
6. Work closely with blockchain suppliers and engage them in the Business Research and Innovation program.
7. Make sure that the blockchain is included in the development and implementation of public policy.
8. Help develop the general framework and content of the course for blockchain education.
9. Work with the Australian Trade Commission on a blockchain-startup potential development program.
10. Work with the Australian Trade Commission to create a blockchain-oriented inbound investment program.
11. Use existing bilateral agreements to consider the possibility of implementing pilot projects with other countries.
12. Work with relevant government departments to enable Australian businesses to connect to the digital trading infrastructure.

The government said that blockchain, along withother technologies can help increase business revenue by $ 175 billion by 2025. Australian Industry, Science, and Technology Minister Karen Andrews said:

“Together we can ensure the long-term development and implementation of the blockchain, as well as benefit from the huge economic and social opportunities that it offers.”

Last year, the Australian government allocated Australian $ 100,000 to develop a national blockchain roadmap.

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