Australian Government Agency Says Blockchain ‘Interesting’ But Hyped

The Australian government agency dedicated to streamlining the country’s IT operations has called blockchain “interesting,” but said it is hyped by firms working with the tech.

The chief digital officer of the Digital Transformation Agency (DTA), Peter Alexander, indicated the view was arrived at after the organization received AU$700,000 (about US$500,000) from the government in May to explore blockchain applications within government services.

“Blockchain: Interesting technology but early on in its development, it’s kind of at the top of a hype cycle,” Alexander said at a parliamentary committee meeting on Tuesday, as reported by ZDNet.

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