IBM Signs $740 Million Deal With Australian Gov’t to Use Blockchain for Data Security

  • IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5.

    The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs.

    IBM’s Asia Pacific head, Harriet Green, told Bloomberg that the new partnership will give Commonwealth citizens access to the “world’s greatest technologies” “across many, many government agencies.”

    The new partnership will catapult Australia to “the top three of digital governments in the world,” she suggested.

    In her interview, Green placed repeated emphasis on ensuring data security for citizens - for which blockchain’s central offering of an immutable and encrypted ledger is a cornerstone innovation.

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