IBM to use blockchain & provide data security to Australian govt in 5 year $740M deal

posted 11 days ago
US tech giant IBM has signed a A$1 billion ($740 million) agreement with the Australian government to provide blockchain related technological support over the next five years.

The contract will see services such as automation and blockchain provided to federal departments including defense and home affairs.

IBM will also come up with updated platforms to securely store citizens data.

The Australian government expects to save A$1M over 5 years through this partnership.

Under the contract, IBM and Australia’s Digital Transformation Agency will manage a joint program that will operate with innovative technologies like blockchain, artificial intelligence (AI), and quantum computers. This will help the county achieve its goal “to become one of the top-three digital governments in the world by 2025”.
Tags: blockchain, news