In 2020, the number of companies operating in blockchain and cryptocurrency exploded by 153%. Australian industry players are expected to contribute an estimated global annual business value of more than US$175 billion by 2025.
Our National Blockchain Roadmap sets out Australia’s exciting ambitions and guides an investment of A$6.8 million towards blockchain technology. Four working groups are exploring blockchain frontiers in:
- supply chains
- cyber security
CSIRO’s report on the future of blockchain in Australia provides further practical insight into this growing sector.
Pellar Technology, a Melbourne-based blockchain company, processes 10 million requests every day and was the Victorian government’s 2019 Emerging Exporter of the Year.
- CSIRO and the Monash Blockchain Technology Centre developed the world’s most efficient blockchain protocol.
- Adelaide-based agtech startup T-Provenance developed a world-beating smart tracking software solution in Australian food industries using blockchain technology.