Blockchain for Banking News

Australian disability blockchain payment test completed

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Last month, Ledger Insights reported on how Data61, the IT innovation wing of Australia’s federal science agency CSIRO, the Commonwealth Bank of Australia (CBA) and the National Disability Insurance Scheme (NDIS) were building a blockchain-based payment system that revolved around ‘smart money’. Today, the findings of a trial for the system was published in a report entitled ‘Making Money Smart’. The trial aimed to test the viability of smart-money in business and government which could also in the future integrate with Australia’s country-wide New Payments Platform.

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