"It's the foundation we need to begin the task of deciphering what each of the base pairs of DNA relates to in physical terms."
At 25 billion base pairs, the radiata pine genome is eight times bigger than the human genome.
Following assembly, the next steps are to understand each piece of the genome and the role it plays in tree growth and resilience.
The sheer size of the genome was a large challenge to researchers.
"This is not the kind of problem we could fix just by throwing resources at it," Telfer said.
"We had to come up with a way to segment the genome, process it and put it back together again."
With this knowledge, the forestry industry could breed trees with their desired characteristics - hastening the current method of selective breeding that can take decades to produce superior trees.
Once geneticists understood the genome better, there could be yet more advances.
"We could breed a whole range of different trees - from construction timber to biofuels."
Another major advantage could be in mitigating the effects of climate change and disease.
As environments altered with the climate, diseases not previously found in New Zealand might establish here and threaten our forests.
Thanks to genomics, scientists would be able to identify genes with drought and disease resistance, and establish them in the wider population much faster, Telfer said.
The genome assembly would also benefit the international scientific and forest growing community.
Radiata is the backbone of New Zealand's forestry industry, but was also the most domesticated pine in the world and is grown commercially in Australia, Chile, Spain and South Africa.