Jul 15, 2020
Vallas says “the promise of the Blockchain industry is extraordinarily expansive. Before we build out that capability we need a renewed focus on establishing confidence. Confidence in our vision, confidence in the regulatory frameworks that underpin this emergent technology, and confidence in the people and organizations that will drive the uptake in this space.”
As the new CEO of Blockchain Australia, Vallas says he is focused on building confidence in blockchain and improving the image of blockchain technology among businesses and governments.
He says Blockchain Australia’s success will be judged by its ability to educate (grassroots to the boardroom), elevate (drive innovation), and leverage partnerships (with industry leaders across the economy).
In February, the Australian government released a National blockchain roadmap titled “Progressing towards a blockchain-empowered future.” The report projects that Blockchain technology will generate an annual business value of over US$175 billion by 2025 and in excess of US$3 trillion by 2030.
The roadmap identifies three key areas where blockchain technology can provide solutions. These are in supply chains, trusted credentials in the university sector, and transferable customer checks in the finance sector.
Steve says his personal vision is for Australian stakeholders to gain confidence in blockchain tech. He wants developers to keep building, and for industry and investors to get buy-in.
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