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Australia’s Minister for Broadband advisory board for an insurance-focused blockchain firm.

Australia’s Minister for Broadband advisory board for an insurance-focused blockchain firm.

The former Australia’s Minister for Broadband, Communications and the Digital Economy is now chairman of the advisory board for an insurance-focused blockchain firm.

Day by Day is centered on the making of a blockchain-based asset registry management podium which intends to innovate insurance inventories and to accelerate the progress of claims in the industry.

According to a Decemner 18 report from ZDNet, an Australian Labor Party Senate member from 1996 to 2016, Stephen Conroy has joined Melbourne-based blockchain company Day By Day.

Talking on his new role, Stephen Conroy said: “problems of under-insurance and fraudulent claims” remain significant issues for both client and insurers.”
Conroy said he believes a blockchain-based asset registry will prove to be “a win-win” for both the industry and people.

A divisive career
Stephen Conroy had attempted to bring controversial legislation for mandatory Internet filtering during his time as communications minister back in 2009.

Intended as a sudden control on online child pornography, the polity would have subdue all ISPs to block any material hosted on overseas servers that had been judged unsatisfactory by the Australian Classification Board. It was eventually withdrawn following a serious black lash by critics of internet censorship.

Stephen Conroy finally distanced himself from the polity after the Board’s blacklist was found to include a diverse mix of aapparently harmless sites. Yet Conroy’s advocacy of the legislation among other fameless polity initiatives led to his crowning as “Internet villain of the year” at the 11th yearly Internet industry awards in the U.K in 2009.

Stephen Conroy took on a role as head of Responsible Wagering Australia, a lobbying group for the Australian- licensed online gambling industry after resigning from the Senate in 2016.

Cryptocurrency-related developments in Australian politics
Peter Dutton, Australia’s Minister of Home Affairs has warned that terrorists are exploiting cryptocurrencies to “fund their deadly missions” at his speaking at a counter-terrorism conference in Melbourne this November.

The country’s Treasury has struck a more limited tone broadly, pointing to the few evidence that cryptocurrency is being used to bring about black economy activities in Australia.

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