Home Business News IBM Closes $750 Million Deal With Australia To Enhance Implementation Of Blockchain,...

IBM Closes $750 Million Deal With Australia To Enhance Implementation Of Blockchain, AI And More


The Australian government awarded IBM in a five-year contract to deliver essential cost savings to Australians by enhancing the acceleration of the implementation of key emerging technologies such as blockchain, quantum, cloud and AI. The contract is valued at $750 million.

This partnership allows the tech giant to continue its reach into the $1.3 trillion value-add potential of blockchain by creating more enterprise solutions.

Australian government agencies will get access to IBM 

The agreement will also drive the automation and digitization of government services by offering all Australian government agencies access to IBM hardware, software and also cloud solutions and services.

The target also includes building a tech bridge for Australia as it plans to become “one of the top three digital governments in the world by 2025.”

This massive goal is shared among more cities and countries that are focused on using digital ledger tech to reduce paperwork and secure data.

For instance, governments from Dubai to London are transforming their agencies into lean, efficient and cost-saving digital data storage organization that can serve their citizens more effectively by safeguarding personal records, titles, licenses and certifications on the blockchain.

Before this agreement, four major Australian government agencies have been working with IBM to improve technology deployment – the Department of Human Services (DHS), the Australian Taxation Office (ATO), the Department of Home Affairs (DHA) and the Department of Defence (DOD).

Under this recent deal, these agencies should have enhanced flexibility and autonomy in order to customize tech profiles for the next five years, while adapting to changes and challenges in government and customer services as blockchain, AI and automation rewrite expectations, and more.