Austrac — a government financial intelligence agency — is reportedly partnering with the Swinburne University of Technology in Melbourne to trial the use of blockchain and smart contracttechnology to help multiple actors automate their international fund transfer instructions (IFTIs) reporting to Austrac. Reporting entities include banks, remitters and casinos, according to ZDNet.
Work on the blockchain proof-of-concept (PoC) for IFTI reporting automation began in December 2018, an unnamed spokesman told ZDNet.
The article also covers Swinburne’s recently-launched Blockchain Center of Excellence, which opened last month in partnership with Paris-headquartered multinational consultancy firm Capgemini.
Read More.. Source Coin Telegraph