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Australian Agriculture to Capitalize on Blockchain with New Roadmap

The federal government-released ‘National Blockchain Roadmap’ discusses how industry, government, and researchers can work together over the next five years to create blockchain-derived benefits and help realize the government’s goal of making Australia “a leading digital economy by 2030”, according to Australian Industry, Science and Technology Minister Karen Andrews.

It outlines a number of initiatives, including “the development of common frameworks for blockchain education, working with Austrade on a capability development program for start-ups and pilot projects with other countries,” the Australian Government said.

Beyond the financial sector, blockchain is expected to benefit agriculture — offering inventory tracking, automated payment capabilities and transparency to reduce counterfeiting, particularly in the wine industry — as well as education through credentialing, the Roadmap said.

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