The Australian Department of Industry, Science, Energy and Resources has released a national blockchain roadmap designed to promote the adoption of the technology in the country.
The 52-page roadmap proposes a 12-step strategy that will help Australia move forward “towards a blockchain-inspired future.” It’s also noted that blockchain technology is predicted to generate an annual business value of over $175 billion by 2025 and exceeding $3 trillion by 2030.
The roadmap authors point out the opportunities across Australian economy to be seized by the use of blockchain technology: creating jobs, saving companies money, improving overall productivity and boosting economic growth.
The roadmap also showcases a number of businesses applying blockchain, including agricultural supply chains in the wine sector, trusted credentials in the university branch, and transferable customer checks in finance.
As reported by The Sydney Morning Herald, Karen Andrews, minister for Industry, Science and Technology, said, “I think what’s really exciting is the potential for blockchain to strengthen export opportunities, helping Aussie producers and manufacturers track their goods, which are in demand around the world because of our clean, green reputation.”