Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Australia Streamlines Trade as Budget Makes Room for Blockchain

written by

Australia Streamlines Trade as Budget Makes Room for Blockchain

Support free journalists: > send a tip

Australia’s Department of Home Affairs (DHA) has proposed a framework to introduce DLT into the country’s international trade and supply chain management, Coindesk has reported. The proposal arrived soon after the national government dedicated USD 700,000 of its 2018-19 budget “for the Digital Transformation Agency to investigate areas where blockchain technology could offer the most value for Government services…”.

The DHA has plans to modernize international trade management in the country and is hoping that emerging technologies will be key to supporting the process. The department has stated that an increase in trade would require new measures for fast-tracking and simplifying current documentation processes. The DHA expects to see a 28% increase in air cargo and a 13% increase in sea cargo imports to Australia over the next four years.

As part of the DHA’s update and modernization process, the department is seeking to establish blockchain, AI, and the internet of things throughout government trade management departments, in order to provide real-time intelligence for Australia’s supply chain.

A spokesperson from the department was cited as saying:

“Intelligence and risk assessment capabilities and revenue collection are improved by new and emerging technologies, such as blockchain, that would improve the veracity, validation, and analysis of intelligence and trade data.”

Australia’s changes to the way the DHA conducts trade business is seen by the department as a way of offering better safety standards and security, as well as increased efficiency, particularly in border inspection procedures. A statement at the submission said that a secure and modern end-to-end supply chain was fundamental to the country’s security, growth, and prosperity.

Trade management is not the only area which has seen an interest in blockchain solutions in Australia recently. The Australian Securities Exchange (ASX) has outlined plans to replace its current clearing and settlement system with a DLT model within the next two years.


Follow on Twitter at

Telegram Alerts from at


Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter