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On 18 March 2019, the Minister for Trade, Tourism and Investment, Senator the Hon. Simon Birmingham, and I jointly announced the development of a National Blockchain Roadmap (the Roadmap).

The government is committed to supporting the technology sector. Technology, science and industry, working hand in hand, is where we can solve the real-world problems of today and grow the businesses and sectors of tomorrow. We are committed to making sure that we build an economy, that we improve productivity and that we create jobs.

This Roadmap highlights some of the enormous opportunities blockchain technology can enable—across our whole economy, not just in the financial sector. These opportunities include supply chains and logistics; agriculture; trusted credentials; and smart contracts—just to name a few. Australia has some real strengths in blockchain technology, from our world-class research to our innovative companies to our leading role in the development of international standards for blockchain.

This Roadmap not only identifies the current and future opportunities for blockchain but also provides the signposts for the future development and opportunities for this technology. And the greatest gains for blockchain-enabled economic transformation in our businesses and sectors will be realised when we all play our parts—government, the blockchain sector, and researchers.

I am very pleased that this Roadmap has been developed collaboratively with industry, universities and government, with an Advisory Committee—comprising representatives from each of these sectors—guiding the Roadmap’s development. Work on the Roadmap has also been informed by a series of workshops hosted by the Department of Industry, Science, Energy and Resources.

Blockchain is a technology with real potential to save businesses money and to open new business and export opportunities. It will continue to evolve over the coming years, and for that reason, this Roadmap should be considered the start of the conversation between government, industry and universities on how we can all work together to move blockchain forward in Australia.

The Hon Karen Andrews MP
Minister for Industry, Science and Technology