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AUSTRALIA WILL INVEST 800 MILLION IN DIGITAL IDENTITY

Australia will invest $800 million in identity technology, with $6.9 million for two blockchain pilots focused on reducing business compliance costs. The plan supports Australia’s economic recovery by removing outdated regulatory barriers, boosting small business capacity, and supporting technology adoption across the economy. The budget includes $480 million for various technology initiatives that could interact with wider distributed registry technologies, including $183 million for a new digital identity system and $301 million for the development of a single business registry.

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Posted Under: Asia Pacific, Australia

Post By Ken Shafton (887 Posts)