Blockchain Ireland Launched to Promote National Blockchain Innovation

by | Jun 12, 2018 | Blockchain, Press Release

Blockchain Ireland | Irish Blockchain Expert Group | IBEG | Blockchain updates | Blockchain news

The Irish Blockchain Expert Group (IBEG) has announced that it has launched Blockchain Ireland, a source of information on the Irish blockchain ecosystem, led by IDA 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.

It was revealed that IBEG is an IDA Ireland-led forum established as a vehicle to promote and enhance the blockchain industry in Ireland. The association consists of IDA Ireland, members of blockchain businesses and projects in Ireland, representatives from a number of academic institutions, as well as participants of the wider Irish blockchain community.

Keith Fingleton, Chief Information Officer of IDA Ireland, stated:

“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.

The proximity of international and local firms, industry bodies, governmental institutions, and universities within the country allows for effective collaboration to meet new opportunities.”

In May, the National University of Ireland Galway urged the government to promote the technology in the country, emphasizing the potential of blockchain to positively impact economic growth and transform the way government structures and businesses can operate.

Ireland has positioned itself as a hub for tech business in recent years, attracting foreign companies with a 12.5 percent corporate interest rate as well as tax credits for research and development.

Eoin Fitzgerald, Senior Advisor for Fintech for Enterprise Ireland, also commented:

“Blockchain technology holds great potential for the Irish economy, in particular as a catalyst for innovation and experimentation across innumerable sectors. Blockchain Ireland will serve as an invaluable support to the many Irish startups currently utilizing this cutting-edge technology as well as those hoping to make use of blockchain in the future.

By capitalizing upon Ireland’s strengths in talent and innovation, we have already witnessed the creation of  transformative and inspired blockchain based Irish companies such as Circle and AidTech. We are seeing an increasing number of Irish and international companies building far-reaching blockchain solutions within the country – it is an extremely exciting time for the space.”

Blockchain Ireland will serve to better connect the public and the Irish blockchain sector. 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 platform will also highlight the strengths of the Irish technology sector and business environment to promote the country as an ideal location for blockchain-enabled business.

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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