Blockchain Information Platform Launched In Ireland

News | June 11, 2018 By:

The Irish Blockchain Expert Group (IBEG) has launched a new online platform that will serve as a go-to source of information on the Irish blockchain ecosystem.

IBEG is an IDA Ireland-led forum established as a vehicle to promote and enhance the blockchain industry in Ireland. IBEG includes 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.

Called Blockchain Ireland, the platform was developed by IBEG in parnership with the Department of Finance, Enterprise Ireland and Consensys, a blockchain company established by Joe Lubin, one of the co-founders ethereum. 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. It 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.

Keith Fingleton, CIO of IDA Ireland, the agency responsible for the attraction and development of foreign direct investment (FDI) in the country, said the 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 research and development (R&D) and foreign investment in the Irish economy,” said Fingleton. “The proximity of international and local firms, industry bodies, governmental institutions, and universities within the country allows for effective collaboration to meet new opportunities.”

Eoin Fitzgerald, Senior Advisor for FinTech at Enterprise Ireland, said that the platform will serve as an invaluable support to the many Irish startups currently utilizing blockchain as well as those hoping to make use of the technology 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,” said Fitzgerald. “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.”

Lory Kehoe, Managing Director of ConsenSys, said the initiative will help foster an environment where ideas can be discussed, knowledge exchanged, and experiences shared to strengthen the thriving blockchain industry in Ireland.

“A number of leading bodies in Ireland, drawn from both the private and public sector, have recognized the necessity of increased collaboration and joint promotion of blockchain technology,” said Kehoe. “Blockchain Ireland is an exciting first step in positioning Ireland as a leader of a global decentralized future.”