Australia Blockchain Technology Market Overview, 2030

The blockchain technology market in Australia is a burgeoning landscape, marked by rapid growth and innovation. The Australian government's commitment to blockchain adoption, exemplified by the National Blockchain Roadmap, aims to position Australia as a global leader in blockchain technology. Financial institutions like ANZ Bank and Westpac are integrating blockchain to enhance transaction security and streamline operations, while startups like AgriDigital and Everledger are pioneering blockchain solutions in agriculture and supply chain management. The rise of decentralized finance (DeFi) platforms and non-fungible tokens (NFTs) is further driving market growth, creating new business opportunities and models. With a supportive regulatory environment and a culture of innovation, Australia's blockchain market is poised for continued success, fostering a future marked by technological advancement and economic prosperity. Australia's blockchain technology market has evolved significantly since the early 2010, with the government playing a pivotal role in fostering innovation and growth. The National Blockchain Roadmap, launched in 2020, set the stage for a thriving blockchain ecosystem by outlining strategic initiatives and fostering collaboration between industry and researchers. Regulatory policies have been carefully crafted to balance innovation with consumer protection and market integrity. The Australian Securities and Investments Commission (ASIC) has been instrumental in promoting responsible financial innovation through its Innovation Hub and Enhanced Regulatory Sandbox, providing guidance and support to blockchain startups. The government's iterative approach to crypto asset regulation, including consultations on the regulatory framework for crypto asset secondary service providers (CASSPrs) and token mapping, reflects its commitment to creating a conducive environment for blockchain technology. These efforts have positioned Australia as a global leader in blockchain innovation, with a robust regulatory framework that ensures the market's sustainable growth and integrity.

According to the research report "Australia Blockchain technology market Overview, 2029," published by Bonafide Research, the Australia Blockchain technology market is anticipated to grow at more than 52.92% CAGR from 2024 to 2029. The blockchain technology market in Australia is experiencing a dynamic surge driven by a confluence of market trends, key drivers, and influential players. This growth is fueled by the increasing demand for secure and transparent transactions across various sectors, including finance, healthcare, supply chain management, and digital identity. The Australian government's commitment to blockchain adoption, exemplified by the National Blockchain Roadmap, aims to position Australia as a global leader in blockchain technology. Financial institutions like ANZ Bank and Westpac are integrating blockchain to enhance transaction security and streamline operations, while startups like AgriDigital and Everledger are pioneering blockchain solutions in agriculture and supply chain management. The rise of decentralized finance (DeFi) platforms and non-fungible tokens (NFTs) is further driving market growth, creating new business opportunities and models. With a supportive regulatory environment and a culture of innovation, Australia's blockchain market is poised for continued success, fostering a future marked by technological advancement and economic prosperity.

The service provider segment of Australia's blockchain technology market is a vibrant and rapidly evolving landscape, characterized by a diverse array of innovative companies and startups. Leading the charge are tech giants like ANZ Bank and Westpac, which are pioneering blockchain solutions across various sectors, including finance, healthcare, and supply chain management. AgriDigital and Everledger are at the forefront, leveraging blockchain to enhance transaction security and streamline operations in agriculture and supply chain management. Startups like Synthetix, Immutable, and dHEDGE are driving innovation in decentralized finance (DeFi) and non-fungible tokens (NFTs), creating new business opportunities and models. Blockdaemon, Venly, and Chainstack are providing blockchain-as-a-service (BaaS) solutions, enabling businesses to develop, host, and utilize their own blockchain applications with ease. These service providers are not only contributing to the growth of Australia's blockchain market but also positioning the country as a global leader in blockchain technology. With a supportive regulatory environment and a culture of innovation, Australia's blockchain market is poised for continued success, fostering a future marked by technological advancement and economic prosperity.

The application segment of Australia's blockchain technology market is a testament to the nation's innovative spirit, reshaping various industries through enhanced security, transparency, and efficiency. In the financial sector, blockchain is revolutionizing transactions by enabling secure, transparent, and real-time settlements, while decentralized finance (DeFi) platforms democratize access to financial services. Banks like ANZ and Westpac are leading the charge, integrating blockchain to enhance transaction security and streamline operations. Supply chain management is another area witnessing significant advancements, with blockchain providing end-to-end visibility and traceability, ensuring the authenticity of goods, and optimizing logistics processes. Companies like AgriDigital and Everledger are leveraging blockchain to simplify the trading, execution, and settlement of physical commodities, making the process more efficient and transparent. In healthcare, blockchain is securing patient data, improving the interoperability of medical records, and reducing administrative burdens, leading to better patient outcomes and cost efficiencies. The real estate industry is being transformed with blockchain-enabled property transactions, smart contracts, and fractional ownership models, making the buying and selling process more transparent and accessible. Voting systems are being enhanced with blockchain, providing secure, transparent, and tamper-proof electoral processes, which can enhance democratic participation and trust in elections. Energy companies are utilizing blockchain for peer-to-peer energy trading and grid management, promoting the efficient distribution of renewable energy and driving sustainability efforts. The entertainment and media sectors are adopting blockchain to protect intellectual property rights, ensure fair compensation for creators, and combat piracy, fostering a more equitable ecosystem for artists and consumers.

The organization site segment of Australia's blockchain technology market is a vibrant and rapidly expanding ecosystem, characterized by a diverse array of innovative companies and startups. Leading the charge are tech giants like ANZ Bank and Westpac, which are pioneering blockchain solutions across various sectors, including finance, healthcare, and supply chain management. AgriDigital and Everledger are at the forefront, leveraging blockchain to enhance transaction security and streamline operations in agriculture and supply chain management. Startups like Synthetix, Immutable, and dHEDGE are driving innovation in decentralized finance (DeFi) and non-fungible tokens (NFTs), creating new business opportunities and models. Blockdaemon, Venly, and Chainstack are providing blockchain-as-a-service (BaaS) solutions, enabling businesses to develop, host, and utilize their own blockchain applications with ease. These service providers are not only contributing to the growth of Australia's blockchain market but also positioning the country as a global leader in blockchain technology. With a supportive regulatory environment and a culture of innovation, Australia's blockchain market is poised for continued success, fostering a future marked by technological advancement and economic prosperity.



The end-user segment of Australia's blockchain technology market is a dynamic and multifaceted landscape, showcasing the nation's innovative spirit and adaptability. In the financial sector, blockchain is revolutionizing transactions, with institutions like ANZ Bank and Westpac leading the charge by implementing secure, transparent, and real-time settlement solutions. In healthcare, blockchain is being employed to safeguard patient records, improve the interoperability of medical data, and reduce administrative burdens, leading to improved patient outcomes and cost efficiencies. Major hospitals and healthcare providers are integrating blockchain solutions to enhance data security and patient care. Energy companies are using blockchain for peer-to-peer energy trading and grid management, promoting the efficient distribution of renewable energy and driving sustainability efforts. In the real estate sector, blockchain-enabled property transactions, smart contracts, and fractional ownership models are making the buying and selling process more transparent and accessible. The entertainment and media industries are adopting blockchain to protect intellectual property rights, ensure fair compensation for creators, and combat piracy, fostering a more equitable ecosystem for artists and consumers. Voting systems are being enhanced with blockchain, providing secure, transparent, and tamper-proof electoral processes, which can enhance democratic participation and trust in elections. Digital identity solutions are also gaining traction, offering individuals secure, user-controlled ways to verify their identities, reducing the risk of identity theft and fraud. The rise of non-fungible tokens (NFTs) is opening new avenues for artists and collectors, enabling the creation and trade of unique digital assets.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Blockchain market with its value and forecast along with its segments
• Region & country wise Blockchain market analysis
• Segment wise Blockchain Market
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Service Provider
• Application and Solution Provider
• Middleware Provider
• Infrastructure & Protocol Provider

By Application
• Payment and Transaction
• Smart Contract
• Digital Identity
• Documentation
• Exchanges

By Organization Size
• Large Enterprise
• Small and Medium Enterprise

By End Users
• BFSI
• Government
• Healthcare
• Media & Entertainment
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, Key and innovative vendors related to Blockchain industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.