Ireland Set to Become a Blockchain Hub after Brexit

Ireland is being seen as the next potential leader as far as the field of Blockchain technology is concerned. As a matter of fact, the majority potential citizens have already started to construct a strong foundation to make the initiative flourish.

Recently, Blockchain Ireland, the authority that boosts the development of blockchain ecosystem within the county, organized the Blockchain Ireland Week in Dublin, Galway, Cork and Sligo – which will take place from May 24-31 in the entire country.   

“Appetite is rising for the technology,” Laura Clifford, senior executive manager fintech Fusion said.   

The event aims at bringing together, growing and developing the distributed ledger technology (DLT) ecosystem in the country, through connecting entrepreneurs, corporate leaders, investors and developers together to create more opportunities in DLT.   

Celebrating Core Technology   

The event will include tracks such as Corporate Developer, Startups, Design, Entrepreneur and Social Impact. This will also help in reinforcing the impact of innovative technologies in the country.   

The Chairman of Blockchain Ireland said:   

“Overall, the event is a celebration of the unique community surrounding a core tech which will enable several industries to transform in the next century. Our institution has brought together the triple helix of academia, industry and government for DLT innovations, and it is the chance to showcase the advances in DLT innovation, education and research and industry first projects that have been borne in Ireland to the wider DLT ecosystem.”   

Blockchain Tech Hub   

Eminent people embrace this occasion since it’s going to bring significant things to the industry.   

Last year in September, the country rolled out around 5 million euro project to be used in developing innovative technologies like DLT, artificial intelligence, internet of things, smart contract etc.   

And considering the fact that Ireland is one of the countries with friendly policies on DLT and cryptocurrency, it may be heading to becoming the leading destination for financial technology ( fintech) companies in Europe.   

However, the Irish Cabinet approved a bill seeking to give effect to the European Union AML5 – anti-money laundering directive. The bill covers cryptocurrencies including Bitcoin.