Ireland began its journey into a global, decentralized future with the Blockchain Ireland project.
The image project “Blockchain Ireland” is designed to reveal Ireland’s capabilities in the field of international Blockchain projects, show the country’s potential for the largest IT companies, strengthen its role in the global digital economy and attract the maximum number of international companies working with innovative technology, creating ideal conditions for them.
After a study by the National University of Ireland (NUI Galway), the country started talking about the active implementation of Blockchain technology as a national initiative. Already today, Ireland has been awarded 13th place in the Bloomberg Innovation Index 2018, and 40% of enterprises in the country use Blockchain technology, but according to researchers, this is not a high enough figure, given the rapid development of technology and the high level of competition in the modern technology market. For widespread and mass implementation of Blockchain, more active support from regulators and the creation of a regulatory framework, tax incentives and an internal examination mechanism are required. The Blockchain Ireland project will not only become an online platform for advertising Ireland as an ideal location for international Blockchain developers, a round table for discussing ideas, sharing experience and knowledge, and finding like-minded people and partners, but will also provide an opportunity to use the potential of Blockchain for the economic growth of the country.
The initiative is led by the government agency responsible for attracting foreign direct investment (IDA Ireland) in partnership with the Irish Blockchain Experts Group (IBEG), the Department of Finance, Enterprise Ireland and Consensys, a US software studio that was founded by Joe Lubin, co-founder of Ethereum (ETH).
Over the past few years, Ireland has been actively developing as a center for the fintech and blockchain industry, creating a cryptocurrency ecosystem, expanding IT infrastructure and providing foreign companies with low taxes and favorable lending conditions for development and research in the field of deep technologies. Innovative projects in the field of Blockchain technology, artificial intelligence and enhanced virtual reality have always been welcomed and supported in the country.
According to https://cointelegraph.com
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