This policy position was last updated in 2023 and should be considered as outdated pending further revision in 2026.
This policy describes the requirements for entities planning digital investments involving blockchain.
Applicability
Commonwealth entities are encouraged to apply this policy to investments in new and existing blockchain solutions.
Policy requirements
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Consider whether Blockchain is the most appropriate solution to meet the business outcomes.
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Determine if there are any specific ethical, privacy or legislative requirements that need to be taken into account, and how these are best addressed in the proposed solution.
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Establish monitoring and reporting systems and processes that will measure and report on Blockchain technology performance, risks, and key operational issues post implementation.
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Engage with other agencies with prior experience in adoption of this technology to leverage existing investment as well as knowledge, patterns, and services.
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Ensure that there are appropriate Blockchain governance and risk management frameworks in place while the technology is implemented and operationally supported