Netherlands Consortium Sets Agenda

Announcements, Blockchain, FinTech | April 14, 2017 By:

A blockchain consortium in the Netherlands has published its action agenda.

The National Blockchain Coalition was established by the Ministry of Economic Affairs’ information technology team as a joint initiative of over 20 organizations. Members are active in the logistics, energy and financial sectors, as well as governments and research institutes. The Netherlands aims to be an international leader in the application of blockchain technology.

Partners include ABN AMRO, ING, Volksbank, Nationale Nederlanden, Rotterdam Port Authority, Enexis, Alliander, the Dutch Royal Notarial Association, Brightlands and the Ministries of Economic Affairs, Infrastructure and the Environment, Security and Justice, and Interior and Kingdom Relations.

On the knowledge side, they are joined by TU Delft, Tilburg University, Radboud University, Centrum Wiskunde & Informatica (CWI) – the national research institute for mathematics and computer science), NWO and TNO join.

The social perspective is added by ECP | Platform voor de InformatieSamenleving (Platform for the Information Society).

The combined initial funding of the founding partners amounts to €700,000 by the end of March. Each member will invest €200,000 and €500,000 will come from available government capita.

The action agenda primarily focuses on the development of “digital identities,” which will allow persons, properties and legal entities to conduct digital transactions as part of a blockchain. In addition, the coalition is working on solutions in the areas of legislation and acceptance. For knowledge development, there are agreements on training, knowledge sharing and skill building.

“Blockchain technology promises the secure delivery of digital information,” said Minister of Economic Affairs Henk Kamp. “It’s good news that Dutch companies, knowledge institutions and authorities are already gaining early experience with the capabilities of this new technology. It will make digital payments and data exchange easier and safer in many ways. By keeping the Netherlands at the forefront of the application of innovative technologies, our knowledge base remains progressive and world-class. That creates jobs and income.”