Australian government to spend $700K on that new 'blockchain' thing

Maybe you can build an economy on mining after all...

Claire Reilly
Claire Reilly Former Principal Video Producer
Claire Reilly was a video host, journalist and producer covering all things space, futurism, science and culture. Whether she's covering breaking news, explaining complex science topics or exploring the weirder sides of tech culture, Claire gets to the heart of why technology matters to everyone. She's been a regular commentator on broadcast news, and in her spare time, she's a cabaret enthusiast, Simpsons aficionado and closet country music lover. She originally hails from Sydney but now calls San Francisco home.
Expertise Space, Futurism, Science and Sci-Tech, Robotics, Tech Culture Credentials Webby Award Winner (Best Video Host, 2021), Webby Nominee (Podcasts, 2021), Gold Telly (Documentary Series, 2021), Silver Telly (Video Writing, 2021), W3 Award (Best Host, 2020), Australian IT Journalism Awards (Best Journalist, Best News Journalist 2017)

There's no doubt the tech world has gone crazy for blockchain in the past few years.

And, if something has made waves in the tech world, you can guarantee the world's governments will want to jump on that trend… between one to three fiscal years after the rest of the world has worked it out.

It was in that vein that the Australian government handed down its federal budget overnight, outlining the spending measures and policies that would define the country for the next year and beyond. And if you were playing blockchain bingo, you, my friend, just got to drink.

The government has allocated AU$700,000 to "investigate areas where blockchain technology could offer the most value for Government services."

It's good to see any government updating itself for the 21st century. But the Australian government has come under fire in the past for failing to adapt to the basics of the modern digital era (like the time the Department of Immigration accidentally leaked the details of 31 world leaders to the organisers of a soccer tournament).

Watch this: What the heck is blockchain?

It remains to be seen how the world's governments will use the next big technologies of our era. But it could mean paying your next parking fine with Bitcoin.