THELOGICALINDIAN - The use cases for blockchain technology are accretion every day into the minds of abounding Just afresh the Australian Financial Review appear the Australia Post will accede the abstraction of application broadcast balance technology to abundance agenda identities Australia Post arch controlling Ahmed Fahour said that bindle operations could acquaintance an Uberlike moment due to arising technology and startups
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Australia Post to Explore ‘Blockchain’s Wider Applications’
The Australia Post is a government-owned association that provides postal casework all beyond the region. Fahour states that the Post handles over 90% of Australian passports, and he believes a digital replacement will come.
The CEO has had a action to be “future ready” back he began his role with the business in 2010. His starting abstraction was to add an arrangement of agenda choices, creating an “eServices” assemblage aural the company. Now Fahour says that blockchain technology may be accessible with Digital ID distribution, saying:
While speaking at the Australian Financial Review Business Summit, Fahour explained why character casework via e-commerce is a huge befalling for the Post. Digital balance technology is assuming abundant signs of advance appropriate now, and Fahour sees this as a disruptor.
“It’s an addition abridgement that we’re in appropriate now,” he said, abacus that agenda identities are a footfall in that direction. Investing in innovations like the blockchain is annihilation new to the Post, as it has been adorning technology-based basement programs for the accomplished fifteen years.
Australian Securities Exchange (ASX) arch administrator Elmer Funke Kupper told AFR that blockchain technology will cut costs in companies like ASX by bristles billion. With added operators like the Post application agenda identities, that cardinal could be abundant abate in comparison. “What it allows you to do is collapse accomplished business amount chains,” explained Kupper.
The Australia Post’s Fahour certainly agrees with this appearance and is acquisitive to analysis the new technology. Not alone is the aggregation attractive into blockchains to accommodate identification technology, but the business is additionally attractive into drone-parcel commitment in an effort to accumulate clip with abstruse advancement.
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Images address of Australia Post, Wiki Commons
