Dr. Jim Chalmers MP is the Federal Member for Rankin. He is the Shadow Minister for Financial Services and Superannuation, the Shadow Minister for Sport, and the Shadow Assistant Minister for Trade, Investment and Productivity, wrote an article and argued for Australia taking advantage of Blockchain.
I say, definitely! With Blockchain technology, there is a lot of cost-savings for a society. While on that, let's also embrace Bitcoin. I understand Financial Institutions reservations for the creative destruction that Bitcoin brings to their oligopoly on currency, money and finance but if they don't act now, others will. In trying to ensure their dominance today, they may, in the future, have nothing to dominate over.