The Widefield ASKAP L-band Legacy All-sky Blind surveY (WALLABY) is a next-generation survey of neutral hydrogen (H I) in the Local Universe. It uses the widefield, high-resolution capability of the Australian Square Kilometer Array Pathfinder (ASKAP), a radio interferometer consisting of 36 × 12-m dishes equipped with Phased-Array Feeds (PAFs), located in an extremely radioquiet zone in Western Australia. WALLABY aims to survey three-quarters of the sky (−90 • < δ < +30 • ) to a redshift of z 0.26, and generate spectral line image cubes at ∼30 arcsec resolution and ∼1.6 mJy beam −1 per 4 km s −1 channel sensitivity. ASKAP's instantaneous field of view at 1.4 GHz, delivered by the PAF's 36 beams, is about 30 sq deg. At an integrated signal-to-noise ratio of five, WALLABY is expected to detect around half a million galaxies with a mean redshift of z ∼ 0.05 (∼200 Mpc). The scientific goals of WALLABY include: (a) a census of gas-rich galaxies in the vicinity of the Local Group; (b) a study of the H I properties of galaxies, groups and clusters, in particular the influence of the environment on galaxy evolution; and (c) the refinement of cosmological parameters using the spatial and redshift distribution of low-bias gas-rich galaxies. For context we provide an overview of recent and planned large-scale H I surveys. Combined with existing and new multi-wavelength sky surveys, WALLABY will enable an exciting new generation of panchromatic studies of the Local Universe. -First results from the WALLABY pilot survey are revealed, with initial data products publicly available in the CSIRO ASKAP Science Data Archive (CASDA).