Ireland Push for Global Blockchain Hub Status with Launch of New Initiative

Ireland Push for Global Blockchain Hub Status with Launch of New Initiative

Blockchain News
June 11, 2018 by Ian Moore
1407
The Irish Blockchain Expert Group (IBEG), led by IDA Ireland – a state agency responsible for the attraction and development of foreign direct investment in Ireland, has launched a new initiative to promote national blockchain education and create awareness of industry developments internationally. Dubbed ‘Blockchain Ireland,’ the online platform will serve as the go-to source
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The Irish Blockchain Expert Group (IBEG), led by IDA Ireland – a state agency responsible for the attraction and development of foreign direct investment in Ireland, has launched a new initiative to promote national blockchain education and create awareness of industry developments internationally.

Dubbed ‘Blockchain Ireland,’ the online platform will serve as the go-to source of information on the Irish blockchain ecosystem, assisting the promotion of Ireland as a blockchain centre of excellence.

“IBEG, and the Blockchain Ireland initiative, will assist blockchain projects and businesses in leveraging the beneficial environment in Ireland to foster increased innovation, and develop a national, European, and international blockchain ecosystem. Ireland is uniquely positioned to serve as a technology hub within Europe and internationally, with a large, highly skilled workforce and clear government commitment to innovation – reflected by tax initiatives promoting R&D and foreign investment in the Irish economy” said Keith Fingleton, Chief Information Officer of IDA Ireland.

Blockchain Ireland is backed by a number of prominent Irish public and private bodies, including Enterprise Ireland, the Country’s Department of Finance and blockchain startup ConsenSys, which recently announced its expansion to Ireland with plans to open an Innovation Studio in country’s capital, Dublin.

Managing Director of ConsenSys, Lory Kehoe, said of the initiative:

“Everyone involved in the formation of Blockchain Ireland is extremely excited to announce the official launch of the platform. This initiative will help foster an environment where ideas can be discussed, knowledge exchanged, and experiences shared to strengthen the thriving blockchain industry in Ireland.. Blockchain Ireland is an exciting first step in positioning Ireland as a leader of a global decentralized future.

The platform will provide information on setting up a business in Ireland, available services and support for blockchain projects, upcoming blockchain events within the country, as well as an overview of the key domestic and international stakeholders within the blockchain ecosystem.

The new initiative is part of a broader plan to position Ireland as an international blockchain hub. In November last year, the Blockchain Association of Ireland launched Crypto Coast, a blockchain initiative which aims to attract high potential blockchain start-ups to the country.

“The rate of innovation and investment in this fast moving new technology is phenomenal with many comparing the upsurge in interest with early 1990s dot.com fever,” Reuben Godfrey, co-founder of the Blockchain Association of Ireland, said at the time.

 


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