Oz Blockchain Roadmap an invitation to join $60m research bid

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Blockchain Australia calls the National Blockchain Roadmap an ‘invitation’ for industry to join its $60 million Cooperative Research Centre bid.

The long awaited Australian National Blockchain Roadmap was released today but does not have any funding attached … yet.

Developed over the past year by the Department of Industry and Science in consultation with Blockchain Australia and the local industry, the roadmap sets out 12 key recommendations for the next five years.

It also highlights what it identifies as the three most promising use cases in Australia:

*Supply chain tracking for agriculture and wine exports to combat food and wine fraud
*Recording credentials and qualifications for the education sector
*Know You Customer identity verification for the finance industry.

It’s probably no coincidence these three areas are also the focus of Blockchain Australia’s CRC proposal to the Department of Industry and Science that’s been in the works for four months now.

The CRC funding model would see the government match an industry contribution of $30 million dollar for dollar.

“It’s practical research that results in real implementations,” explained Nicholas Giurietto CEO of Blockchain Australia.

The report calls for the establishment of “a collaborative model comprising of working groups of industry, the research sector and government to progress analysis on the next use cases, with each providing equal funding contribution.”

Which sounds a lot like a Cooperative Research Centre.

Giurietto said: “The Government is basically inviting the business community to put together a collaborative effort to help define research priorities and move forward in a really practical way.

“It’s up to the business community now to step up.

“We’ve already got a CRC bid underway, and that is the perfect vehicle to … drive the collaborative agenda.”

Other recommendations in the report:

Formalise the National Blockchain Roadmap Advisory Committee and rename it the National Blockchain Roadmap Steering Committee.

Conduct an economic analysis on using blockchain for agricultural and wine exports and credentials, and potentially setting up a pilot project for KYC checks.

Establishing a group of state and federal government blockchain users.

Identify examples of how other countries are using blockchain in government.

Developing common frameworks and course content for blockchain qualifications.

Work with Austrade on a capability development program for Aussie blockchain startups, and to bring potential investors to Australia

Launching the report the Minister for Industry, Science and Technology Karen Andrews said:  “Blockchain technology offers great potential to save money, initiate new business and export opportunities, boost economic growth and create new jobs. Governments and private industries all stand to benefit from embracing this technology.”

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