IBM Signs $740 Mln Blockchain Deal With Australia

ibm july6

International Business Machines Corp. or IBM has signed A$1 billion or about $740 million technology supply deal, including blockchain, with the Australian government, to improve data security.

In an interview with Bloomberg TV, IBM's Asia Pacific head Harriet Green said that under the five-year contract, the company will provide services such as blockchain, automation, and artificial intelligence to Australian federal departments, including defense and home affairs.

The new partnership will give Commonwealth citizens access to the world's greatest technologies across many government agencies, and ensure data security, she said. The deal is expected to make IBM the central technology partner of the government.

The contract for data security comes as major firms are being hit by cyber attacks, including Australia's national science agency.

In Australia, IBM previously was criticized for its role in the bungled national census, and had agreed to pay more than A$30 million in compensation to the Australian government. Prime Minister Malcolm Turnbull had then said, "overwhelmingly the failure was IBM's."

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