THELOGICALINDIAN - The afresh appear Land Carriage Regulation 2040 address by Australias National Carriage Commission NTC appropriate blockchain technology could change itsexisting carriage model
Also read: Australia’s Treasurer: Progress Made to End Bitcoin Double Tax
Transforming the Current Transport Model
The National Carriage Commission (NTC) is adventure cardinal assignment alleged Acreage 
Transport Regulation 2040. The aim is to acknowledgment the catechism of “How could or should we adapt acreage carriage in the future?”
The NTC will be application the address to antipodal with shareholders from October through December.
The address claims that new technology can advice accomplish “a fairer, added transparent, and added sustainable, carriage charging and allotment model.” However, this technology charge authorize and advance a trusted, interoperable and defended abstracts communications aural carriage as able-bodied as amid carriage and added account providers.
“One apparatus for this, ability be the use of blockchain technology,” the address reads. Citing industry experts’ opinions, it additionally added acclaimed that:
Other Blockchain Benefits
Many industries accept been exploring the use of blockchain technology, abnormally in the accounts sector. A cardinal of Australian banks are investigating the use of blockchains to abate transaction costs as able-bodied as access acceleration and efficiency. In August, Australia Post articular use cases of blockchain technology including character e-voting, and registries.
The technology has the abeyant to transform not alone the accounts industry but additionally abounding others.
“Every now and then, article comes forth that ability aloof change everything. And this is one of those moments,” said Australian Stock Exchange (ASX) arch executive, Elmer Funke Kupper.
His barter partnered with Blythe Masters’ Digital Asset Holdings in the alpha of 2016 for the startup to advice advance a new adjustment arrangement application blockchain technology.
Bitcoin Regulation
Earlier this year, the government appear its charge to end Bitcoin’s bifold taxation botheration in the country. Then in September, the Australian Treasurer met with FinTech Advisory Group to altercate the framework of how to tax agenda currencies.
Do you anticipate the Australian Government will eventually use blockchain technology for acreage transportation? Let us apperceive in the comments area below.
Images address of NTC, Afr, Shutterstock
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