2018 was yet another big year for blockchain. Organisations across many industries from retail to shipping are using the technology to counter disruptive threats, and push into new markets to create new revenue streams.

One of IBM Australia’s major projects is the work we are doing with Herbert Smith Freehills, Data61 and King & Wood Mallesons to pilot the Australian National Blockchain (ANB).

In this consortium, we are designing and building an enterprise-grade blockchain to serve as the backbone to Australian business and address a challenge that spans all industries – the age-old, but indispensable, process of contracting.

The ANB will serve as an ecosystem for smart legal contracting, bringing to life key terms and connecting these to the data sources and business processes that they ultimately govern.

This is my third full year working solely on blockchain, and I am often asked by organisations to help them anticipate market shifts and changes in the competitive landscape.

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