Australia offers $4.6M to blockchain pilots targeting mineral supply chain, food industry
The government of Australian is offering A$3 million (US$2.3 million) in grants to two pilots that will develop blockchain-based solutions targeting the mineral supply chain and food and beverage sectors.
Through its Blockchain Pilot Grants program, the government is offering the funding in a bid to demonstrate the potential for blockchain to reduce regulatory compliance burden for businesses. It will offer the funding to two projects, which can either be a business or a publicly funded research organization.
In its announcement, the government revealed that the objective of the blockchain pilots will include reducing compliance costs for businesses, promoting blockchain literacy, developing blockchain solutions for the government, and supporting the inclusion of blockchain in broader policy work.
