NewsRegulations

Ireland Government Regulators Will Present Blockchain Hackathon

The government authority of Ireland is hosting a hackathon entitling Blockathon Ireland in support for the new emerging innovative blockchain tech sector.

The Department of Public Expenditure organized the Blockathon Ireland hackathon along with Reform in regards to The Department of Finance. However, this hackathon intends to outline real-life use-cases relating DLT aka Distributed Ledger Technology within public services.

We all know that finance is a big beneficiary of blockchain; also the tech promises a host of industries. Similarly, Ireland comes forth with an example of medical device tracking within the HSE. This validates data and traces the State Aid for Enterprise Ireland.

The state sponsoring venture focuses on developing a deeper understanding related to the blockchain technology potential and how it can be used within public services. The event will explain how to improve ongoing procedures, citizen user experience, development, efficiency and much more. Paschal Donohoe TD, the Irish Minister at Finance as well as Public Expenditure and Reform, explains:

Blockchain technologies have proposed new economic, business, social and technological models that have the potential to significantly impact business and society. As part of Our Public Service 2020, our Government has pledged to drive innovation in policy design and service delivery, as well as promote a culture of innovation across our public service.

They believe that this has been partially accomplished using new platforms, novel and alternative mechanisms, and unusual channels. Moreover, experts’ consultation and engagement based on innovation over the academia, public sector, as well as the private sector where they can share their ideas will prove to be a valuable action operating within this strategy. Also this Blockchain hackathon is already providing an opportunity for doing so.

What is your opinion on this Blockchain Hackathon? Share your thoughts on our Twitter and Facebook pages.

 

Tags
Show More

Oliver A

Oliver is a content marketer who is actively engaging with latest trends in the financial market. He is a writer by day ad a reader by night.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

twelve − eleven =

Back to top button
Close
whatsapp