Ireland Aims to Become Blockchain Hub with New Initiative | NullTX


The Irish government is seeking to promote the research and development of blockchain technology in the country, the Irish Times reported on June 11. The initiative is being led by IDA Ireland, a state agency charged with attracting foreign direct investment to the country. Dubbed Blockchain Ireland, the initiative will foster cooperation in the blockchain industry between the companies already exploring the technology while also encouraging others to explore the technology. The initiative is backed by the country’s Department of Finance, state economic development agency Enterprise Ireland, and New York‐based decentralized applications incubator ConsenSys, among others.

This is just one of a number of initiatives that Ireland is taking to position itself as a global destination for blockchain startups. Its efforts have paid off, with a number of blockchain projects having been launched in the country. ConsenSys, a company founded by Ethereum co‐founder Joseph Lubin, is among those that have announced intentions to establish operations in the nation’s capital, Dublin. In a press release in May, the company said that the new Innovation Studio would open in June and be dedicated to the development of Ethereum‐based blockchain products, employing 60 people.

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