Cate Blanchett Becomes Dr. Cate Blanchett After Honorary Doctorate Degree From Australian University. Watch Her Inspiring Speech [SEE VIDEO]

Cast member Cate Blanchett poses at a press line for "The Hobbit: The Battle of the Five Armies" during the 2014 Comic-Con International Convention in San Diego, California July 26, 2014. REUTERS/MARIO ANZUONI/FILES

Oscar winning actress Cate Blanchett can now be addressed as Dr. Blanchett too. The Oscar winning actress has received an honorary doctorate degree at the Macquarie University in Sydney for her extraordinary contribution in the field of arts, philanthropy and community. The 45-year-old actress gave an inspiring speech at the special ceremony where she was dressed in the colours of black, white and red.

Blanchett talked about the significance of arts in everyday life and quoted Ken Robinson in her awe-inspiring speech. "The arts are what we stay alive for, what we work for all week, what we dream about, what connects us and indeed, what some will say makes us human," said Cate at the ceremony while receiving her honorary degree, according to Cosmopolitan.

The actress then went on to juxtapose art and one's profession saying that choosing a career path helps a person "change, shape and evolve" in one's life. She also added that it is arts that have always been the driver of innovation and exploration in one's life and one can achieve a lot in life by being creative in any field, be it science or arts.

The actress, who received her third doctorate degree so far, called herself "random and ring-in" since she has worked in various fields from theatre to cinema. The "Elizabeth" actress also spoke on the importance of the degree of arts at the ceremony.

"A culture that supports change, adaptation and experimentation is the only way that a scientist can find the mental space to explore and innovate. So remember when someone asks: 'what the hell can you do with an arts degree?', ask them 'what can the world do without one?" added the actress.

Macquarie University's Vice Chancellor Professor S. Bruce Dowton said he felt privileged to be addressed by the Melbourne-born actress. Dowton added that many students graduating from the university will feel "great affection" for the "Blue Jasmine" actress as most of the Aussies have grown up watching her most iconic films in their formative years. The mommy to three kids has received numerous awards in the field of acting including two Academy Awards or Oscars, three Bafta Awards and three Golden Globe awards. Check out her speech below.