Determined as a part of its 2018-19 federal budget, the government will use the means from the Agency’s existing resources over the next four years. Started in 2015 in the framework of the Australian Government’s wider digitization agenda, the Agency was founded in order to involve governmental institutions and help them undergo digital transformation.
We now have wide-ranging responsibilities to help lead transformation across government and have central oversight of the government’s ICT agenda.
Digital Transformation Agency, Australia
The budgeting corresponds to a marked recommendation by the chief executive of the Commonwealth Scientific and Industrial Research Organization – Australia’s federal scientific research organization – who in middle of 2017 claimed the country “can’t afford” to repeat the world in accepting the decentralized technology.
The pace of change we are experiencing as a nation is exponential and we can’t afford to be followers in the adoption of [an] emerging technology like Blockchain.
The Australian government in September issued a consultation paper as a part of its Digital Economy Initiative and estimated blockchain as an ‘emerging technology’ that could ‘support innovation and productivity right across the economy.” The same month, Melbourne-based RMIT, a public research university, instituted a research center to study the ‘social science’ of blockchain technology after suggesting the decentralized tech to be “a core infrastructure for the digital economy.”
Before the turn of the year, the government presented an AUD $8 million grant to Power Ledger, a blockchain-powered solar energy project.