Australian PM Sees ‘Massive Opportunities’ in Blockchain Technology
Cryptovest
Published Sep 14, 2018 06:43AM ET
Updated Sep 14, 2018 08:00AM ET
Australian PM Sees ‘Massive Opportunities’ in Blockchain Technology
The new Australian Prime Minister, Scott Morrison, sees “massive opportunities” in blockchain technology and that it could transform the country’s financial system by offering challenges to existing big banks.
In a short video clip posted on YouTube, CryptoLabs CEO Tim Meyer, Morrison’s views on blockchain technology could make him the industry’s new hero and the most senior official to advocate the technology.
When was asked his opinion about distributed ledger technology (DLT) and if he sees the technology providing solutions to make Australia's banking sector more efficient, the Australian leader initially said no. But his explanation of his answer revealed his true perception of the industry.
He stated, “When I was Treasurer [his previous role in Australian ...
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