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IBM has signed a five-year AU$1 billion ($740 million) deal with the Australiangovernment to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5.

The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs.

IBM’s Asia Pacific head, Harriet Green, told Bloomberg that the new partnership will give Commonwealth citizens access to the “world’s greatest technologies” “across many, many government agencies.”

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