Dublin ‘well placed’ for blockchain growth

Dublin is well placed to capitalise on the most recent major technology primed to transform the financial services industry.

Santander InnoVentures, the Spanish bank’s fintech venture capital fund, last year estimated blockchain technology could save banks up to $20bn (€17.86bn) a year.

Blockchain is a distributed ledger technology which allows multiple users to manipulate data in a secure way without the need for a central authority, or middle man, to approve the changes.