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Australia has allocated $ 8 million for a blockchain-project in the field of public services
The Australian Government has allocated 8 million Australian dollars (about $ 6 million) for the use of blockchain technology in the field of public services. In particular, AUD 2.57 million will go directly to the project, which will be created in the city of Fremantle. Another 5.6 million AUD will be allocated by the partners of the project - the Curtin University, Murdoch University, LandCorp, CSIRO and Cisco.
According to the description of the project, it was created to study how cities can use blockchain technology and data analytics for distribution of power systems and water supply. The University of Curtin will oversee work on projects and conduct research in this area.
According Curtin's Prof. Greg Morrison:
by Author"We will develop a smart metering, battery storage and blockchain trading system to allow energy and water efficiencies between critical dispersed infrastructures that would otherwise have required physical co-location."
Power Ledger, the post states, is providing a transaction platform for renewable assets, as well as the ownership model for the "precinct sized" battery.
The federal grants are being provided as part of the government's Smart Cities and Suburbs Program, with support also coming from the Australian Energy Market Operator (AEMO), Western Power, and the CRC for Low Carbon Living.
The pilot is expected to commence within two months, and will last for two years, the post states.
The federal grants are being provided as part of the government's Smart Cities and Suburbs Program, with support also coming from the Australian Energy Market Operator (AEMO), Western Power, and the CRC for Low Carbon Living.
The pilot is expected to commence within two months, and will last for two years, the post states.
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