Australia is home to a number of world-first blockchain applications. Combining blockchain technology with other technologies can add economic value to a range of business sectors. Australia can contribute to an estimated global annual business value of over US$175 billion by 2025 generated by blockchain.
The roadmap sets out a strategy for governments, industry and researchers to capitalise on opportunities and address challenges. It also proposes signposts towards a blockchain-inspired future.
The roadmap also showcases a number of businesses applying blockchain, including:
agricultural supply chains in the wine sector
trusted credentials in the university sector
transferable customer checks in the finance sector