IBM Signs $740 Million Blockchain Deal with Australian Gov
IBM has signed a deal worth $740 million with the Australian government to provide AI and automation services using blockchain as its primary technology partner.
The five-year agreement will create a more efficient, paperless supply chain through blockchain technology by covering defence, border control and citizens’ data.
In May the Port of Brisbane worked with PwC to create a blockchain technology that links the supply chain following an increase in traffic.
A deal last January also saw IBM and Maersk agree to provide secure, digitised platforms to make global trade easier and safer.
It also launched a new partnership with the Port of Rotterdam into the world’s first ‘smart port’ using IBM’s Internet of Things (IoT) platform.
This follows IBM’s decision in 2017 to launch a blockchain business specifically to research the technology.
In an interview with Bloomberg, Harriet Green, IBM’s Asia Pacific Head, said: “Many new technologies across AI, blockchain have a lot of focus on security and all of this saves the Australian government money and makes them one of the top three digital governments in the world.”