IBM Bags Landmark Contract To Develop Blockchain For Government Of Australia IBM, the major tech giant in the United States, has signaled a contract worth $740 million to present blockchain related high-tech support for Australia over the subsequent years. According to Harriet Green, the head of IBM Asia Pacific, the firm will offer services related to blockchain in addition to automation of government divisions like defense and home affairs. The Australian administration is keen on applying budding technologies to aid employment. In line with the agreement, the US firm will proffer modernized platforms to guarantee safe storage of Australian citizen’s data. According to projections by the Australian government, the partnership will help accumulate taxpayer’s funds to the tune of A$100 million. The Online National Census It appears that IMB has formally partnered with the Australian government in other projects. One of the assignments which were approved out past, which regrettably did not see the light of day is the nation’s first online national census. Though, IBM granted to pay A$30 million in damages for the failure. At the time, Australia’s Bureau of Statistics had to go offline after affliction denial of service attacks. Australia’s PM Turnbull asserted that the breakdown squarely fell on the shoulders of the US firm, and having recognized that, IBM paid up for the breakdown. On this new contract, the stakes are superior since it involves more extensive as well as varied technological features. Innovative Technologies According to the agreement, Australia’s Digital Transformation Agency, jointly with IBM will function a mutually managed plan that will be run with innovative technologies like artificial intelligence, the blockchain, and quantum computers said blockchain News CCN. This will go an extended way in assisting the country to understand its vision of becoming one of the top-three digital administrations in the sphere within the next seven years. Must Read recommended by The post IBM Bags Landmark Contract To Develop Blockchain For Government Of Australia appeared first on OWLT Market.