Industry & Business

Deloitte to Open Blockchain Lab in Dublin

 Breaking News
  • Technology Plays a Leading Role For Irish Business Leaders Business leaders across Ireland are firm believers in the power of technology and the important role it plays, not only in supporting their own business needs, but in overcoming the wider socioeconomic issues they face. According to research – Technology in a Transforming Ireland – of Irish business leaders commissioned by Fujitsu, nearly 6-in-10 (59 percent) say [...]...
  • Only 11% of Irish Businesses Using Renewable Energy Irish businesses have yet to make the switch to renewable energy but are looking for cleaner energy alternatives, according to new research from Calor Gas. Just 11% of Irish businesses report that they are using renewable energy. Of the businesses not using renewable energy, 85% are open to switching to a renewable alternative. The figures were [...]...
  • Research Reveals SMEs Lose €2.2 Billion a Year in Productivity Due to Administration Sage, a market leader in cloud accounting software, has revealed that Irish SMEs lose up to €2.2 billion annually in productivity due to burdensome administrative tasks. The report, ‘Sweating the Small Stuff: the impact of the bureaucracy burden’, undertaken by Plum Consulting, shows businesses in Ireland spend an average of 70 working-days per year navigating the [...]...
  • European Commission Takes Action For a More Competitive and Innovative Financial Market The European Commission has unveiled an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). Europe should become a global hub for FinTech, with EU businesses and investors able to make most of the advantages offered by the Single Market in this fast-moving sector. As a first major deliverable, [...]...
  • 40% Think Irish Government Not Doing Enough to Protect Ireland From Impact of Brexit Brexit is coming closer and still a lot of questions remain unanswered. People are insecure not only about their own future but also the economic future of Ireland. iReach Insights conducted a nationally representative survey and 1,000 adults were asked about their opinion about the Brexit, it’s potential impact and what Irish people would do, [...]...

Deloitte to Open Blockchain Lab in Dublin

Deloitte to Open Blockchain Lab in Dublin
January 24
12:36 2017

Professional services firm Deloitte opened its EMEA blockchain lab at Whitaker Court in Dublin’s “Silicon Docks” district on Monday.

The bespoke-designed lab builds on Deloitte’s global fintech and innovation practice which involves a network of labs around the world including a major lab on Wall Street.  Blockchain is an evolving database technology which has the capacity to change the way digital services are provided globally in all sectors of business.

The Dublin based blockchain team will now move from its current location at Deloitte Ireland HQ, with the highly skilled design and development team growing from 25 to 50 during 2017.

“We are still at the early stages of the adoption of blockchain technology, BDeloitte Financial Services Partner David Dalton said. “But it is becoming increasingly clear that this technology is transforming the infrastructure underpinning financial services and other industries. It is bringing dramatic improvements in efficiency and customer experience.”

This lab is in the Silicon Docks area among Google and Facebook. It opens with an existing team of more than 25 blockchain developers and designers and this team will be joined by 25 more by year end.

The team’s mission is to develop strategic blockchain capabilities and proofs of concept, that are then developed into functioning prototypes, and these ultimately become “ready-to-integrate” solutions for Deloitte clients.

In addition to the official opening of the new lab, Monday marks the launch of a number of products which have been built by the Dublin based team.

“Our Dublin blockchain lab is part of Deloitte’s global approach dubbed ‘The Grid,'” Deloitte Consulting Director and EMEA blockchain lab lead, Lory Kehoe, said. “Through this our team here work alongside specialist teams from other countries and also with Deloitte’s network of more than a dozen preferred technology companies.”

Speaking about the official opening of Deloitte’s new Blockchain Lab, Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor said; “I am very pleased that Deloitte is expanding its Blockchain research activities in Dublin, as part of the company’s worldwide research in this area.  The Financial Services industry has been a huge success story for this country and we need to be engaged with new and emerging technologies in that sector. Blockchain is attracting significant worldwide attention due to its range of potential applications in the wider Financial Services area and it is great news that Ireland will be at the heart of this exciting development, helping to push out the frontiers, for our mutual benefit”.

Deloitte’s global blockchain team, consisting of more than 800 professionals across 20 countries, works with international organisations looking to introduce blockchain-enabled solutions. To date, Deloitte has developed more than 30 blockchain-related prototypes, covering a uses such as digital identity, digital banking, cross-border payments, trade finance, and loyalty and rewards solutions, as well as distinct efforts for the investment management and insurance sectors.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4