Stephen Conroy, an Australian Former Minister for Broadband, Communications and the Digital Economy, has become Chairman of the Advisory Board for an insurance-focused blockchain firm.
On December 18, it has been reported by ZDNet that Conroy has joined ‘Day By Day’, the Melbourne-based blockchain firm.
Day By Day is focused on the creation of a blockchain-based asset registry management platform, which intended to innovate insurance inventories and expedite claims in the industry.
However, commenting on his new role, Conroy said that “problems of under-insurance and fraudulent claims” remain significant issues for both clients and insurers. He also said that he believes a blockchain-based asset registry will prove to be “a win-win” for both individuals and the industry.
During his time as Communications Minister, Conroy had attempted to introduce controversial legislation for mandatory internet filtering back in 2009.
Bill Angelidis, the Founder and CEO of Day By Day, stated:
“Mr. Conroy is a great addition to the Day By Day advisory board. His industry knowledge, experience, and passion for the development of disruptive digital technologies will be invaluable to the Day By Day team and we look forward to Mr. Conroy’s contribution to the company and the board.”
Likewise, Conroy said:
“The problems of under insurance and fraudulent claims are significant issues for customer and insurance companies alike, and using the Day By Day platform delivers peace of mind for customers with an easy to use asset registry built on blockchain technology.”
It has been analyzed that intended as a clampdown on online child pornography, the policy would have compelled all ISPs to block any material hosted on overseas servers that had been deemed unacceptable by the Australian Classification Board. Ultimately, it was withdrawn following a severe backlash by critics of internet censorship.
Eventually, Conroy distanced himself from the policy after the Board’s blacklist was found to include a heterogeneous mix of apparently innocuous sites. Yet his advocacy of the legislation, among other unpopular policy initiatives, led to his crowning as “Internet Villain of the Year” at the 11th Annual Internet Industry Awards in the United Kingdom in 2009.
Thus, after resigning from the Senate in 2016, Conroy took on a role as the Head of Responsible Wagering Australia, a lobbying group for the Australian-licensed online gambling industry.
Source: zdnet.com | cointelegraph.com