Deloitte has officially opened its Dublin-based blockchain lab.
Announced in May, the EMEA Financial Services Blockchain Lab is based in Dublin’s so-called "Silicon Docks" neighborhood, a hub for startups and companies in Ireland that has been attracting increased interest in the wake of the UK's exit from the European Union.
Deloitte's existing blockchain development team in Ireland – numbering some 25 developers – will relocate from Deloitte Ireland's headquarters to the new offices. The firm plans to grow the size of its development team to as much as 50 over the course of 2017.
David Dalton, a Deloitte financial services partner who is helping spearhead the newly opened lab, said in a statement:
"We are still at the early stages of the adoption of blockchain technology. 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."
The opening comes days after Deloitte launched a New York-based lab for blockchain development.
Based in the Wall Street district, the lab – along with the just-opened Dublin spot – form part of a broader network of development hubs Deloitte is aiming to assemble. According to Deloitte, the firm has more than 800 staffers worldwide working on blockchain-related initiatives.
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