Dutch Government Announces Blockchain Development Campus

 The Dutch government is very keen on blockchain technology by the  look of things. Earlier today, news broke how a campus will soon be  opened focusing on blockchain development. Coming up with new and  improved financial technologies is of the utmost importance to the  government.  

The Blockchain Development Campus

Before Bitcoin enthusiasts get too excited, it is important to note this blockchain development campus  is designed to attract banks and financial institutions. Bitcoin  technology has been of keen interest to these parties, but it is  doubtful they will use the open blockchain to achieve their goals.  Instead, they will develop private and permissions distributed ledgers. That being said, this move is quite  interesting, to say the least, “Fintech Ambassador” Willem Vermeend  announced the news and a conference organized by Holland Fintech and De Nederlandsche Bank. For the time being, the new location of this campus has not yet been revealed.  Many financial players see the  blockchain as a revolutionary technology in the banking sector. Issuing a  digital currency is just one of the potential use cases for distributed  ledgers. Since the technology removes the need for third parties, a  more efficient financial system can be designed. Clearing houses and  notaries can be effectively removed from the equation, assuming  developers properly understand the technology and provide security  measures. Willem Vermeend strongly feels it is unlikely all of the blockchain campus  participants will use the same technology in the end. That would be a  shame as an open blockchain connects banked and unbanked people from all  over the world in a frictionless manner. That said, one of the  objectives is to gain additional knowledge and expertise about this  technology, and exchange it with other participants. The Dutch Ministry of Finance is  hopeful for the blockchain technology to become a key component of  finance in the coming years. With all of the investment funds flowing to  blockchain and fintech startups over the past few years, interesting  solutions can be built. This new campus will aid in that regard, even if  it is to create more private and permissioned ledgers. (http://themerkle.com/dutch-government-announces-blockchain-development-campus/)