Australian Senate Committee Proposes a National Blockchain L

Australian Senate Committee Proposes a National Blockchain Land Registry


Australian Senate Committee Proposes a National Blockchain Land Registry
Last Updated: 30 April 2021
Australian Senate Committee on technology and finance has proposed the establishment of a national blockchain land registry. The report will be passed to lawmakers for approval.
The Australian Senate Committee overseeing technology and finance has called for the launch of a national land registry. It has also offered other proposals, such as expounding on laws regarding smart contracts and setting global standards for Decentralized Ledger Technology (DLT).
In an interim report prepared by the committee, they gave 23 recommendations that surrounded blockchain, corporate taxes, and consumer data. Out of these 23 recommendations, five of them were specific to blockchain and crypto assets. One proposal that stood out is setting global data standards for the industry.

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