Ireland as the Main European Blockchain Player

Decentralized Talks
Sep 6, 2018 · 3 min read

Decentralized Talks has chosen for its first event a country that bravely embraces the blockchain revolution. Ireland is a country with an entrepreneurial spirit that focuses on innovation. Its government is supporting startups to grow through blockchain because it can offer to the country a decentralized economic future.

Dublin is a renowned global technology hub that is home to the international operations of the world’s largest technology companies. Here, the tech community is embracing decentralization to solve intractable challenges such as identity protection, data sovereignty and sharing economies. Everybody gets impressed by the depth of ethereum knowledge and developer skills in the region.

Ireland is willing to create a blockchain working group to help create cohesive regulation across government agencies as the investments in blockchain projects in the country are continuously increasing from 2012. This is a way to secure foreign investments in blockchain projects that might help grow the economy of the country by encouraging businesses to develop and citizens to get more familiarized with a disruptive future.

Thу country was recognized as a global blockchain player in 2017 when Deloitte has chosen the country as a landing spot for their EMEA Blockchain Hub, even if the guidance upon knowledge on the technology remains up to its citizens, institutions, and universities. Besides this big step to decentralization, in Dublin was opened the Blockchain Association of Ireland, which has the main goal to guide through the latest trends of the blockchain technology by engaging with entrepreneurs, educators, regulators, policymakers etc.

In June 2018, ConsenSys — an American blockchain company, based in New York and established in 2014, officially launched the Dublin Innovation Studio, which is ConsenSys’ third hub in Europe and fourth in Europe, the Middle East and Africa (EMEA). This is a great opportunity for Ireland to represent a starting blockchain point for a European blockchain expansion. Furthermore, Digital Trade Chain (that includes financial heavy — hitters like Deutsche Bank, HSBC, and Santander) chose Dublin for the base of their blockchain initiative. The consortium’s main aim is to make cross-border transactions more efficient. Even if the platform is not used in Ireland for trades, the country will host the initiative to become an irreplaceable part of the project.

For us, Ireland represents an example of the country that perfectly understands and fits into the blockchain flow. They are not just talking about Initial Coin Offerings or cryptocurrency investments, but also about new ways of solving old problems. Voting systems, advisory firms, decentralized payments. Only such a country can successfully bring together enthusiasts willing to learn more about blockchain possibilities and solutions. In Dublin, we are going to discuss the current occurring in technological updates and think further, while seeing new opportunities, and opening new doors to a disruptive future of possibilities and trust.

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