Australian prime minister Malcolm Turnbull, the country’s most powerful political official, has directed the government’s Digital Transformation Agency (DTA) to study potential applications of blockchain technology across government.
Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion.
The Australian government’s digitization agency has revealed plans to explore the implementation of blockchain technology in delivering social security welfare payments to citizens.
Australian PM Turnbull Tells Government Agency to Study Blockchain
Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends
Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019