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.
The RMIT Blockchain Innovation Hub and the Monash Blockchain Technology Centre are renowned world leaders.
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.