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IBM signs $1 Billion contract with Australian Govt. to develop blockchain

06 Jul, 2018
by Joeri Cant
News
IBM signs $1 Billion contract with Australian Govt. to develop blockchain

Computing giant IBM has signed a whole-of-government purchasing agreement with the Australian federal government, worth an estimated $1 billion over its five-year lifespan.

According to CCN, the mammoth deal is Australia’s latest attempt to make good on its goal to become one of the world’s “top-three digital governments” by 2025 by investing in research into blockchain technology, as well quantum computing and artificial intelligence.

David La Rose, managing director of IBM Australia & New Zealand said:

“This agreement is a testament to our forty-year partnership with the Australian Government. It shows trust and belief in our ability to transform and provide world-leading capabilities, leveraging our investments locally in AI, blockchain, quantum and cloud. We look forward to helping the Australian Government to re-define the digital experience for the benefit of all Australians.”

As CCN has previously reported, IBM has emerged as a major player in the enterprise blockchain space. Just this month, IBM-powered blockchain platform we.trade hosted live trades between four major European financial institutions, including Deutsche Bank and HSBC.

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