Irish authorities plan to launch online platform to attract international blockchain projects to the country and stimulate cooperation between them.

IDA Ireland, Irish state body responsible for the attraction and development of foreign direct investment, will launch Blockchain Ireland, the online platform aimed at attracting international blockchain projects to promote innovation and co-operation across companies working with the distributed ledger technology. .

According to The Irish Times, the project is initiated by the Department of Finance, the state agency Enterprise Ireland, and Consensys, whose founder Joseph Lubin is one of the Ethereum creators. In particular, it recently became known that Consensys will open a new innovation lab in Dublin, which will include a laboratory for developing Ethereum blockchain-based platforms and products.

“IDA Ireland’s strategy has always been to identify and secure reference projects from leading technology companies. We regard blockchain as an area with huge potential and we are seeing great interest among IDA Ireland’s client base. This initiative will enhance the blockchain industry in Ireland and our position as a global blockchain centre of excellence,” the State body’s chief information officer Keith Fingleton told.

Ireland is home to headquarters of such famous blockhain start-ups as Circle, AidTech and Arc-Net. Furthermore, there is a blockchain laboratory of Deloitte in Dublin, and Mastercard recently announced plans to hire a number of blockchain experts for its laboratory located also in suburbs of Dublin. Previously, Enterprise Ireland has announced a new €750,000 competitive start fund for companies working in blockchain as well as other so-called deep tech such as artificial intelligence, machine learning, the internet of things and augmented and virtual reality.