Australian Government looks to RMIT for blockchain inspiration

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RMIT Blockchain
Federal Minister for Digital Transformation, Michael Keenan (third from left) at RMIT's Blockchain Hub 15/11/18. (Image: Supplied)

Micky can reveal Australia’s Federal Minister for Digital Transformation, Michael Keenan today visited RMIT University’s Blockchain Innovation Hub in Melbourne.

The future of blockchain technology for businesses and government in Australia was the topic of conversation.

RMIT Blockchain Innovation Hub Director Professor Jason Potts says opportunities for Australia to be more involved in the ‘blockchain technological ecosystem’ were discussed with the Minister.

“The Minister’s visit should be viewed as a signal of the Australian Government’s interest in ensuring that Australia meaningfully participates in the exciting innovations presented by blockchain,” Professor Potts said.

The meeting also covered potential policy reforms to enable greater participation in the blockchain economy, with a focus on social services, public administration, primary industries and trade.

Professors Potts says Australia’s presence in the blockchain economy would only increase through the continued strengthening of pro-blockchain policies.

“Australia is uniquely positioned to take advantage of the economic opportunities flowing from blockchain, with recent studies showing Australia has put in place some encouraging policies to encourage blockchain development.

“The facilitation of additional use cases by public sectors is likely to increase familiarity with this technology, and promote confidence associated with blockchain throughout the broader community.”

RMIT Blockchain
Professor Jason Potts (Image: rmit.edu.au)

RMIT’s Blockchain innovation hub was established in September 2017. It is the world’s first social science research centre on Blockchain.

RMIT has announced several blockchain initiatives in 2018 including:

  • Two new online Blockchain courses aimed at executives, professionals and those looking to future-proof their careers.
  • A major industry partnership with DB Results to pioneer innovative healthcare solutions using blockchain technology.
  • An initiative to provide students with blockchain-enabled digital credentials in partnership with leading digital credentialing platform, Credly.
  • The development of a new software platform designed by RMIT students that allows miners to trade on the future value of their unprocessed materials.

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