The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions.
he Australian government has opened applications for grants up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector.
The Critical Minerals Pilot will support a project seeking to bolster supply chain integrity for the industry, and will also expect contributions to Australia’s National Ethical Certification Scheme to prove the provenance of locally produced minerals exported to international markets. The announcement noted:
“We expect that successful applications will be a collaboration between multiple organizations, including regulators.”