CSIRO-Dara61/ACS Apr 2019 "Blockchain 2030 - A Look at the Future of Blockchain in Australia"

			Appendix D: High-profile use cases of blockchain in Australia

The below examples are high-profile use cases of blockchain that were identified as 
part of Data61's Australian Blockchain Activity dataset:

A 	In July 2018, the Australian Government awarded IBM a five-year partnership 
	incorporating cross-brand solutions involving IBM software, cloud-capabilities 
	and hardware, along with innovation programs aiming to push the
	government's agenda for digital transformation, including acceleration of 
	blockchain application.54

B	In the 2018-19 Federal Budget, $700,000 was reallocated for investigating 
	the benefits of blockchain-augmented government services by the Digital 
	Transformation Agency. 

	The investigation was proposed to involve research into blockchain's current 
	maturity, government readiness for adoption, and identifying problems the 
	technology could solve, with an understanding of how government services 
	could be supported by blockchain.164

C	In January 2017 the Commonwealth Bank of Australia (CBA) supplied a 
	crypto-bond for the Queensland Treasury Corporation (QTC)-a world first. 

	This allowed QTC to generate a bond tender, see the investor bids in real 
	time, finalise the allocation of investment, and instantly settle with investors. 
	
	These capabilities reduce settlement risks and streamline the issuance 
	process.49

D	Since January 2016, the Australian Securities Exchange (ASX) has been 
	collaborating with Digital Assets to examine and test the capacity of DLT to 
	replace its CHESS (Clearing House Electronic Sub-register System).

	In December 2017, the decision was made to continue with a DLT 
	replacement. 

	The ASX's DLT solution would establish a solid foundation for clearing 
	provisions, enabling settlement and other post-trade services 169

E	Announced in August 2018, the Australian National Blockchain is a new 
	technology platform that will help to securely and transparently manage legal 
	agreements. 

	The blockchain built by the consortium of Herbert Smith Freehills, Data61, 
	IBM and King & Wood Mallesons will enable companies to use the network 
	for digital contracts, exchanging data, and authenticating/confirming legal 
	contract status. 

	It is proposed to be a publicly accessible blockchain solution at scale for 
	Australian businesses, with the aim of enhancing legal compliance
	processes 183

F	The World Bank selected CBA to arrange a blockchain-based 'bond-i' 
	(Blockchain Offered New Debt Instrument).

	The bond-i has been developed through collaboration with the Treasury 
	Corporation of Victoria, QBE and Northern Trust. 
	
	The crypto-bond blockchain will be run simultaneously in Sydney and 
	Washington so that bonds can be created, allocated, transferred and 
	managed.50

G	In March 2018, the Royal Melbourne Institute of Technology [RMIT]
	commenced Australia's first short university course on blockchain strategy. 
	
	The program is industry-focused and was built in collaboration with the 
	Blockchain Innovation Hub, Stone and Chalk, and Accenture.62 
	
	The program will help students understand blockchain technology and its 
	potential impact on society, applications across industries, value propositions, 
	and strategic frameworks for blockchain application.184

H	In October 2018, CBA and CSIRO's Data61 announced the development of a 
	world-first application trial for smart money that would be programmable, 
	personalised, and integrated with Australia's New Payments Platform.13

	The app prototype has been trialled through the National Disability Insurance 
	Scheme [NDIS] 14 

	Smart money has the potential to increase transparency, visibility and 
	accountability for government payments, reduce administration
	costs for businesses, and enable companies to create innovative payment 
	services and business models.13, 185
	





Blockchain" applications are appearing in many industries 

This may be the reason that in May 2018 the European Commission [EC] has announced a new 
Challenge for 2019 called "Blockchains for Social Good" 

The Prize for this challenge is 5 winners of Euro 1,000,000 each

As at 04 Jan 2019 1,000,000 Euros are worth Au$ 1,625,233.92

The timetable to submit an application is

	1	16 May 2018 - contest opens
	2	02 Apr 2019 - deadline for registration of interest [NOT MANDATORY]
	3 	03 Sep 2019 - deadline to submit applications

On 09 Apr 2019 the CSIRO-Data61/Australian Computer Society [ACS] Published
"Blockchain 2030 - A Look at the Future of Blockcgain in Australia" 

				INDEX OF CONTENTS

		CONTENTS									PAGE		

A	Executive summary									 4

B	Introduction: Blockchain beyond Bitcoin	 				 8
	
C	Overview of blockchain 								12
	C1	Why now? The evolution of social and economic trust	15
	C2	Regulating blockchains 							16

D	Current profile of Australian blockchain industry and skills 	17
	D1	Blockchain activity in Australia 						18
	D2	Industry profile of blockchain activity					19
	D3	The workforce of blockchain professionals			21

E	Future trends shaping blockchain in Australia 				24
	E1	Technological and environmental trends 				25
	E2	Economic trends 									30
	E3	Geopolitical trends 								32
	E4	Social trends 										34

F	Future scenarios for blockchain application 				37
	F1	Axes of critical impact and uncertainty 				39
	F2	Plausible blockchain adoption scenarios 				41
		
G	Strategic implications and actions 						50
	G1	Australia's competitive advantage 					51
	G2	The transition period 								53

H	Conclusion 											55

Aa	Appendix A:
	Strategic foresight methodology 						58

Ab	Appendix B:
	Regulatory measures for blockchain 						60

Ac	Appendix C:
	Approach used in labour and industry analyses 			62

Ad	Appendix D:
	High-profile use cases of blockchain in Australia 			63

Rb4	References - 185 										64
 


	A	Index "Blockchain 2030" Committee Meetings - Section Reviews

	H	2018 EC-Blockchains for Social Good [BSG] H2020

		a	Rules of Contest - On-line

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