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Blockchain: what does the future hold for blockchain in Australia?

• Distributed Ledgers: Scenarios for the Australian economy over the coming decades
• Risks and opportunities for systems using blockchain and smart contracts

CSIRO's Data61 signals need for Australia to lead blockchain adoption.

CSIRO's Data61 chief executive Adrian Turner has signalled the need for Australia to lead in blockchain adoption, rather than be a laggard.

"In the past, Australia has shown leadership in emerging science and technology areas but at times that advantage has not been realised and we have failed to convert the opportunity created," Mr Turner said during his keynote presentation at ADC Global Blockchain Summit this week.
"In blockchain we're influencing global standards, undertaking world leading research, building and applying new systems and taking these to the world. Our momentum is strong and our potential is great."
He also explored how blockchain can play a role in helping build trust around new and emerging technologies, in addition to ethical frameworks, and regulatory support and governance.
"Blockchain, a distributed trust technology provides a shared single source of truth. The ability to generate integrity in distributed ledgers enables the formation of trust," Mr Turner said.