Coalition Launches to Promote Blockchain in the Netherlands

A consortium in the Netherlands has published a roadmap that outlines how domestic companies are aiming to get up to speed on blockchain.

AccessTimeIconApr 12, 2017 at 10:00 a.m. UTC
Updated Sep 11, 2021 at 1:13 p.m. UTC

A blockchain consortium in the Netherlands has published a new roadmap.

First revealed on 20th March, the so-called National Blockchain Coalition was established by the Ministry of Economic Affairs' information technology team.

Overall, the initiative aims to unite more than 20 public and private organizations including the government agencies, universities and private companies from financial, logistics and energy sectors, with the goal of turning the country into a leader on blockchain tech.

Major supporters include ABN Amro, ING and Nationale-Nederlanden, one of the region's largest insurance companies.

In statements, Minister of Economic Affairs Henk Kamp stressed his optimism that blockchain technology would help make digital payments and data exchange easier and safer for global users, while improving the economic outlook of the Netherlands.

Kamp said:

"By keeping the Netherlands at the forefront of the application of innovative technologies, our knowledge base remains progressive and world-class. That creates jobs and income."

The combined initial funding of the founding partners amounts to €700,000 by the end of March. Each member will invest €200,000 and €500,000 will come from available government capita.

High priorities

The statements coincided with the release of the National Blockchain Coalition's full agenda, of which identity was high on the list of the priorities.

The agenda went on to explain how the group would now need to work with leading legal entities and other objects on standardization and interoperability challenges in 2017 on this goal and others.

Overall, the coalition aims to speed up the pace of rollout of blockchain technology within the government and use more government records such as data from the National Office of Identity Data, Chamber of Commerce, and registration records from the Ministry of Security and Justice.

Dutch Ministry of Economic Affairs image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds

Ether stays over $1,200; prior blockchain phones have failed because the market has realized their functionalities are already available via apps that can be loaded onto any old phone.

CoinDesk - Unknown
2
CoinDesk - Unknown
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto

Second article in a series about risks we’re thinking about during these crypto down days.

CoinDesk - Unknown
3
CoinDesk - Unknown
Putin Weaponizes Inflation

Examining a recent propaganda speech from the Russian leader.

CoinDesk - Unknown
4
CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

CoinDesk - Unknown