Australia Building National DLT-Platform For Smart Contracts With IBM

  • Several top Australian scientific and social-wealth organizations have teamed up with IBM to create the first in the history of the nation a big-scale virtual platform

Australia Building National DLT-Platform For Smart Contracts With IBM

Several top Australian scientific and social-wealth organizations have teamed up with IBM to create the first in the history of the nation a big-scale virtual platform. The intention is that it will allow companies from various spheres collaborate with each other through the use of smart contracts.

The project is called the Australian National Blockchain (ANB). Companies will be able to exchange information through it and verify the legal status of contracts using the technology of smart contract.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.