Bitcoin Forum

This is what I expect to see from governments, I feel like moving to Australia now lol

https://www.ccn.com/australian-government-budget-injects-700000-for-blockchain-research/


I see blockchain as a good solution for government transparency and efficiency, unfortunately in countries like mine (Brazil) such investments won't be part of the agenda, I feel like I won't live to see that :/ 

This is sure a welcome development from the Australian government, the world has no choice than to embrace the Blochchain/cryptocurrency technological development, this migth take a while but sure we will get there gradually.  The future is sure filled with challenges and opportunity for cryptocurrency.

Almost all countries are developing blockchains, and the blockchain is undoubtedly the new technology of the future.
However, I hope that more countries can accept the whole cryptocurrency market in an inclusive manner.

i guarantee you .. craig wright will not return to australia to ask for a resarch grant
he will get arrested for his scams

that said $700k for 4 years... well that is small. thats like only 1-3 'professor'/crypto developer intellect salaries. so not that big of a budget.

at a stretch that could be used to pay 7 fresh graduates at $25k a year.
what is more likely is that the funds would be used to "sponsor" hyperledger

Australia is a country that is advanced and sophisticated. Blockchain has been created based on an advanced technology. Looking at Australia, many countries will be realistic and supportive of the crypt-currency. Even if the amount of AUD $700,000 (approx. $520,000) is small, a step to enter the crypt world.

Blockchain will spread into every area of our lives. People love immutable ledgers and there will be no shortage of applications for them. It'll grow like a wildfire

With a country like Australia and its government getting on the BTC bandwagon, I can only see bigger and better things for BTC as a global currency.
Beautiful country as well and would like to visit it sometime in the near future.

Australia is being smart, they recognize crypto and especially bitcoin for the force that it is. All the smart countries do or they will eventually.

I am seeing Australian Government as a technologically oriented country that are ready to embrace good innovation that will benefit the citizens. I know blockchain fans over there will be very happy.

Most of the governments as well as private institutions around the world have invested money in learning more about the blockchain and its feasibility on a larger scale and this being a new technology i am sure there will be plenty of projects and changes in the entire structure in the future and it will be implemented in many government projects to have a trust system which cannot be manipulated.

This is goodness... Most of the countries are now seeing the importance of Blockchain.. Total transparency. I believe with time it will spread over the world and they will be making good used of it. And also before you know it.. Bitcoin will be accepted in offline and online and will be legalized. So we should not give up.. We should continue to spread the importance of cryptocurrency opportunity to others and the use of Blockchain for solving problem and bring more solution to transparency in the world.

that is good support. Today more governments are banning bitcoins because they know that fiat has collapsed and begins to lose its value. so in the future that survives only gold and the blockchain system.

I am sure that in the future there will be many countries that prioritize blockchain for transactions. so the government will aware that the blockchain system is a solution to improve the economy and even the state revenue will be channeled to blockchain.

Good news. Governments should understand as soon as possible the usefulness of the blockchain in many sectors of public administration such as health, but also in political voting. There are also many ideas to use the blockchain in the traceability of origin of the products and in the verification of authenticity of the works of art that could be of inestimable importance in the prevention of commercial frauds.

Blockchain is the future  8)

On the flip side of course if the government is involved there's less possibility of crypto being 'free' since governments would still take their fees.

Now, this are the type of news we should be receiving concerning the new technology blockchain. Many governments think they are being smart, but the truth is, they are  the ones losing. As the world is growing, so does the latest technology and it will be so unfortunate if many governments reluctant and refuse to really part take in growing innovation.

Blockchain technology is a global craze. The application value of block chain technology is widely recognized in all countries, and it is concerned and promoted from the national strategic level.

Australia does not want to be a follower of the blockchain, and no country wants to follow it!

To strengthen the research of block chain technology, to be the leader of blockchain is what any country wants to do!

Slowly most Gov will allow Cryptocurrency as people love it. Gov can not stop what people want, they will have to support soon or later, if they want to get votes :) Good to see Australian govt realized that sooner, hoping more govt will follow this and allow crypto.

glad to heard on that news since I start to learn and study before I accept bitcoin in my lives I read about the article about how much Australian government treated bitcoin as real money, nothing impossible Australian government continue improve the adaptation of bitcoin and to embrace bitcoin as currency.

Yes, Australia is the second country(behind Japan) as far as I know that legalizes bitcoin so it would make sense for them to embrace and keep the blood flowing specially research involving blockchain.

We all know that there are a lot of benefits using this technology. In fact almost big banks are already experimenting on blockchain specially helping them secure the data and improved their services because data can be accessible anytime and can't be tainted by anyone. Glad that Australia is really living up to expectations as of this moment.

every day i always hear good information about bitcoin development, Australia want to expand its wings to the blockchain. because Australia is aware that blockchain will attract many investors.

such as petro backed by 5 billion barrels of oil, but the results are very good. and venezuela can improve its economy.

It is now very cool that the Australian government is willing to open itself to a technological development, especially digital technology that might be linked to the digital financial transformation of the State later on, until they set up a digital transformation institute focusing on investigating the development of blockchain technology until they launch $ 0.7 million this year until 2019, the institution is better established from 2015 and involves central government to help the government in handling digital transformation and oversee all government programs.

Good news! I hope the government of Indonesia someday will be like that too.. Hopefully blockchain someday, can get the attention of the government in my country..

its clear we are moving into the digital age and blockchain technology seems like the best road to get us there , im very excited when i see governments making statements such as this that promote and highlight the crypto world. Australia obviously sees the great potential that crypto currency has and what it can do for an economy once its managed properly.yet another day , yet another government trying to bring us into the new financial age.

Yes Australia invests money for doing research on block chain and they applied $700000 for this research so its good news also they are very conscious about future currency and they applied this. Because Bitcoin is profitable & everyone knows so it has a good future so Aussie govt. also thinking about this future digital currency because one day bitcoin may lead the market and people are investing money in here because of its benefits.

Blockchain market is the future of digiatl money transaction and payment system. Sooner or later, every developed countries have to adopt this system. Its really great to see the first being taken by Australia!

Such a good decision man. Australian Government has Budget of $700,000 for Blockchain Research.what can be cooler then this man. wish all the government had this kinda positive vier towards cryptocurrency then our earth could become crypto heaven.  :) :)haha. very good initiative.

Wow, a blockchain-powered solar energy project! Blockchain really has no limit. I really hope that more and more country, including mine, would appreciate and see the potential of blockchain technology and make their own researches on how to use it on their advantage and for the advancement of their countries.

When we take into account the huge budgets that governments have at their disposal that amount of money is really small, so I really do not know what they can come up with with such a low budget, but I suppose that a small budget is better than no budget at all, let's see how they use that money and what kind of innovations if any they come up with.

very much happy news that Australian government allow bitcoin as blockchain agenda. it is a good for bitcoin and others coins.

This a good and bold step toward the right direction funding research and development into blockchain technology by the government shows that there are still some country who really still look about the advantages the blockchain technology can offer over the cons. however australia seems to have seen some benefit the blockchain technology might offer in term of development but I hope to see some other great country like United state and UK doing the same thing instead of trying to regulate it.

This is a great news. I am really very glad that Australia has given such a big fund for bitcoin research. This shows that the world gradually becoming positive towards cryptocurrency and hope that like Australia other countries will also be able to understand the benefits of this digital currency and help in it's growth. The sun will shine brighter very soon.

it seems to me that the implementation of the blockchain will begin just from such countries as Australia, which exist separately. This country has not yet adopted the European mentality in terms of doing business. so it has a big chance to introduce a blockchain and jump into development for several years to come.

Australia has been a pretty positive country for crypto development in the recent years. However I really doubt that $700k is actually going to do much. Plus, all of these projects are most likely going to be centralized blockchains, not decentralized ones like bitcoin. So don't expect too much out of these projects as a result.

But at least they're not entirely discouraging crypto businesses to open up and exist in Australia. In fact, they are pretty supportive if you consider the regulations put out there.

A lot of countries are trying to drive crypto businesses or projects out of their country, which makes no sense for themselves.

This is really a great movement and revolutionary decision taken by Ausi Govt. Blockchain is becoming popular in order to assure transparency and more productivity. So I do support blockchain and hope countries will be modernized more by adopting blockchain.

I love to see the articles like this, seeing the real open mindness by government officials, that is not so usual all around the world. Way to go Australia, more countries will hopefully follow :)

This is a great news that Australian government thinking about blockchain. Recently there are many countries are supporting block chain and they accepting crypto currency for this reason crypto currencies demand also increasing.

Finally countries move towards bitcoin in an undcondomned way.

this is how this countries are able to provide high standards to their citizens and become stable economically because they are open minded and seek for the newest updates.

That amount of money is still very small compared to other undertakings the government is financing and also compared to their total budget. They are spending 160 billion dollars on social security and welfare every year and that money comes mostly from taxes with the standard income tax being the largest contributor. So, in other words people are giving up 160 billion a year so that the government can give it to other people, who can't find a way to earn money themselves, and suddenly everyone is happy that they decided to spare 700k for blockchain research.

Australia is a country that is friendly to new technology even they are not hesitant to use the technology in their economic system because a country like Australia realizes that if against the technological development of a country will not be able to grow and may be declining because left behind by the state -a country that adopts a technology for the progress of its country.

More governments will come round to the idea of block chain as others do. We are still in the early days of block chain technologies.

Australia Government is spending huge amount to implement the block chain technologies to maintain the security in all departments.Mainly it will be useful and helpful for banks to save money .

I think except some of the Asian countries, almost all the developed countries are working on Blockchain and it's technology. It's a good sign. It'll inspire people or the investors to transact with crypto currency.

I have always admired Australia for taking visionary efforts in adopting blockchain technology. As we all know that Australia has introduced blockchain technology to the kids of the primary grade in their academic curriculum and further the school has also created its own cryptocurrency so that students will understand what the whole system is all about and how it works. No doubt that we will see many blockchain entrepreneurs and experts from Australia in the coming decades because Australia is inculcating the habit of exploring new technology in the early phase.

Great job Australia. I'm sure this will open up huge opportunity to the economy of Australia. Blockchain will definitely going to be a major backbone of the economy once utilize properly. Imagine, getting rid of corruption and error or lower it down. I'm praying the our country (Philippines) will also invest on further research and development on this technology.

That's why i believe to the official of the australian  government after long time of learning they continue to improve about digital currency to help their country grow up the economy use the new technology of currency bitcoin. hope some government follow the australian government knows the importance of digital currency as new money to help give people better lives.

you idiot, they are communists, that want to continue their banking cartel

This is a welcomed development and I believe other countries will follow Australia's foot steps. Blockchain has been innovative from day one and can't change now. I will love to see a western country adopt the Australian style.

its end Bitcoin widened me in Australia to become a pioneer of digital currency.

I will support that and always stay beside Bitcoin, because Bitcoin has changed my life.

Thanks for B!

Australia memutuskan bergabung dengan Tech Train untuk teknologi AI dan Blockchain.

Mengembangkan teknologi, baik dan mikro maupun makro, membuat Australia ikut memperluas dua teknologi tersebut. Melakukan ini sebagai teknologi adopsi secara nasional.

BLOCKCHAIN ​​DAN AI SEBAGAI MASA DEPAN BISNIS AUSTRALIA

Australia mengambil manifestasi dari teknologi Blockchain dan Artificial Intelligence (AI) sebagai teknologi yang bergerak di bidang keuangan dan profesional.

I think more Govt will adopt blockchain within next 2 years or so, this is a great technology and people love it so far, so govt ca not stay away from it.

I am very happy to see that the Australian government is taking this step towards blockchain technology adoption. This will be sending the signal to the rest of the world's governments to embrace this change because people love cryptocurrency and it has reached a point where nobody can stop it.

Australia Government is one of the countries that is friendly to blockchain and cryptocurrency. It is not wonder if they want to make blockchain as part of the agenda. They make bitcoins and altcoins trading very attractive. Even their real estate, finances and most of their industries are moving to blockchain.

Australia has proven to be a country that knows how to respond to the signs of the times. Their pro-crypto stance could set a good example and build a solid framework that could be emulated by other countries and soon, the real-world use of virtual currency will catch on with the rest of the world.

i feel a bitttt funny whenever one country makes nice condition for bitcoin, some of us will be willing to move there, i mean c'mon, it can change anytime from them  ::)

I think it's good news that the Australian government might want to try and see how the blockchain features and hopefully the Australian government uses blockchain technology for its country and will definitely make bitcoin prices go up.

Austrelia proved that yes bitcoin is not a subject to ignoe and it can be the agenda.

wow, very good news, I also hope the government in my country also inaugurates bitcoin as a legitimate payment instrument. I also feel like going to Australia because his government has made blockchain an agenda.

like we are already know, blockchain is revolutionary technology that can help us to get more transparet, secure, and safe in some aspect of our life. Australian Government can see this chance to implementing the blockchain technology in their government So, its areally nice to hear that!

Basically, blockchain is not only used in cryptocurrency. Blockchain began to be adapted at various institutions such as banks, shipping services, etc. We can monitor it from projects that offer such innovations.

Australia decided to join Tech train to adopt AI technology and blockchain Australia assesses the manifestations of blockchain and artificial intelligence (AI) technology as two technologies that can fundamentally operate the financial and professional sectors.

I think it's a step forward by the Australian government, they have an open mind and have a good view of blockchain. it will look good in the eyes of other countries

Its just with time and am very optimistic that many government of each countries will still adapt this blockchain technology which will make it more popular and acceptable by its citizens...

not just australia, south korea and indonesia also consider it. blockchain is increasingly in demand lately.

I first came in touch with the forward thinking government of Australia when I read about their one foremost school making available an accelerated scholarship for those who wants to study and carry out research in the field of blockchain focusing on its relevance to the field of accounting but I never knew its wider than focusing on accounting alone as its about the entire sector in the country harnessing the potential that this technology offers.

Its actually worth to be happy about coming from a country for acknowledging the point they are and also knowing for fact they don't want to be left behind in the road to the future and finally taking actions to ensure that compare to some countries that are not even as developed like Australia not even willing to learn on a National level but are wired to go against everything technology stands for.

The Australian Government is in a virtual country rich in virtual currency, with a large number of participants. I really hope that more and more countries, including me, will appreciate and see the potential of blockchain technology

Blockchain should be a part of any nation’s agenda. That’s a no brainer of a decision. Unless politicians don’t care about their country being left behind. :-\

yes. Australia is the second country (behind Japan) as far as I know that legalize bitcoin so it makes sense for them to embrace and maintain blood flow especially research involving blockchain. I am very pleased to see that the Australian government is taking this step towards adoption of blockchain technology. It will send signals to all governments of the world to accept this change because people love cryptocurrency and have reached the point where nothing can stop it .

Blockchain can be implemented to support another system,so that's exactly what they should do to improve those system.As time passes,people will start to understand the benefit of using blockchain.I hope there will be more blockchain based system that developed for the world.

This is a great development because,  the Australian government is willing to open itself to a technological development, especially digital technology that might be linked to the digital financial transformation of their country later in future.

This is a very good one coming from Australia. Some great countries are now taking the lead. Germany is also one of them. Some more countries are certainly going to join this trend. Cryptocurrency is the future of money and the earlier some countries realize this the better.

Day in day out crypto getting exciting, good news here and there. If Australia is taking the lead, I wonder whose country will follow suit.