RBA

Last year, Australia’s Ministry of Industry, Science and Technology, and Ministry of Trade Tourism and Investment announced an upcoming national blockchain strategy and roadmap. Recently, the Australian government announced the launching of its national blockchain roadmap. This blockchain roadmap aims at revolutionizing Australia’s blockchain industry. The roadmap contains the benefits of allowing blockchain technology within different sectors. The sectors prioritized are finance and banking. As per the national blockchain roadmap, a yearly business value of more than $175 million could…

Based on the Reverse Bank of Australia's (RBA) presentations conducted in the presence of a senate, queries in light of the established technologies assimilated by the financial institution were made and followed concerns raised based on introductions of the digital dollar of Australia. The primary function that is expected to establish the utilization of the digital AUD is focused on facilitating faster transactions that are done explicitly by major commercial institutions and even corporate companies in the Australian region.  Submission…