Report touts benefits of a ‘blockchain friendly’ New Zealand

Fibo Quantum

Distributed ledgers and blockchain are anticipated to provide a significant positive uplift to New Zealand’s economy, according to a new report.

In the report, Distributed Ledgers and Blockchains – Opportunities for New Zealand, author Joshua Vial from Enspiral, found that these emerging technologies would likely have a positive impact on high-tech jobs and digital exports for New Zealand.

“There is much unclaimed terrain in the blockchain space: widespread use of security tokens, social bonds on the blockchain, mass digital identity adoption, and centrally banked digital currencies,” he writes. 

He concludes that New Zealand could be a world leader in this space. 

Vial interviewed more than 50 blockchain entrepreneurs and investors, government officials, academics and international experts, for the report, which was commissioned by Callaghan Innovation and blockchain venture studio Centrality. The Ministry of Business, Innovation and Employment also provided funding for the research.