Experts throw shade on Australia’s $750M investment in IBM blockchain tech

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The Australian government has announced it has awarded IBM with an impressively lucrative $750 million (AUD$1 billion) contract to develop blockchain and other related solutions, despite their bungling of the country’s national census in 2016. IBM‘s second chance comes in the form of a five-year deal that the Australian government hopes will save taxpayers $74 million. The agreement will see IBM develop AI, blockchain and quantum technology solutions geared for cybersecurity, data management and research. Some experts have flat-out criticized the deal. Dr. Wissam Raffoul, an information and communications adviser, told the Australian Financial Review: “If you engineer a bad…

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