The whole world is discussing blockchain, but not everyone can reach the same level when embracing and supporting this important emerging technology.
Some people focus on combating potentially predatory behavior, and even improve the quality of life of the entire society at the cost of frustrating businesses. However, some countries have pointed the finger at the blockchain and have shown the federal government's support and encouragement for blockchain innovation.
The Netherlands has become such a leader. In fact, it launched a government-supported blockchain pilot project and promoted new prototypes, project implementation, and international cooperation. So far, partners include the World Bank, the United Nations, and the European Union Forum.
The Netherlands also announced in May that the Ministry of Economic Affairs and Climate Policy has established a special blockchain unit. Its research agenda mainly focuses on determining the reliability of the blockchain and determining whether the blockchain is sustainable from the perspective of energy consumption. And explore the best way to manage and govern blockchain work.
"The Netherlands is one of the most passionate blockchain scenarios in the world," said Emanuele Francioni, the technical director of the Dutch non-profit organization "Twilight Foundation". The foundation is a non-profit organization that creates a secure communication system based on blockchain to protect freedom of speech. Francioni said: "We have held various events in many cities in this country, and the turnout rate is also very high.
Amsterdam, Berlin and London form a powerful co-located blockchain scene. We see more local projects in the Dutch space, and the activities are becoming more and more professional. "
“Most of the government’s early experiments were conducted through alliances, usually in licensed private spaces,†Francioni continued. “We are beginning to see the first unpopular public project gaining more public support. It’s a very exciting area and deserves more attention."
Dutch venture capital firms have also made great strides in cryptocurrency trading. If you want to get cryptocurrency, you need to exchange fiat currencies (such as U.S. dollars or euros) in cryptocurrency transactions.
Cryptocurrency trading is one of the most emerging markets in the industry, but many trading options have big problems: they move slowly, charge high fees, and disrupt currency pricing.
The Dutch company Deribit was founded by John Jansen in 2014. It is a cryptocurrency trading platform that can trade futures, options and other derivatives. The exchange keeps 95% of bitcoins in cold storage.
"It is surprising that the Dutch government has created a special blockchain whose goal is not only to regulate new technologies, but also to actively seek innovation opportunities," Jansen said. "This shows a positive attitude towards the development of this technology, which is conducive to the development of the Dutch blockchain ecosystem."
"In addition, encryption technology is also becoming popular with the Dutch people," Jansen continued. "Recently, there have been reports that in October 2017, an estimated 135,000 Dutch people invested in cryptocurrencies. But by February this year, this number had risen to 580,000, and we have every reason to expect this number to continue to rise."
"It's not just ordinary people. Even our royal family members are involved," said Plamen Nedyalkov, CEO of Zoom. He has been participating in blockchain conferences and hackathons all over the Netherlands. He is also the chairman of StartUpFest Europe, which also cooperates with blockchain startups.
Zoom is a blockchain-based recruitment and job management system that displays the accurate work history of companies and freelancers, and avoids fraud through decentralized data hosting. It was founded by Nedyalkov in Amsterdam in 2017. This inspiration comes from the Nedyalkov family construction company, which has built houses, hospitals and hotels for more than 20 years, but it has been difficult to obtain flexible global outsourcing services.
There is no doubt that the support of this country has brought tremendous innovation in this emerging field.
From the appearance of things, more things come from the Netherlands. Can Dutch regulatory legislation keep up with the pace of economic prosperity? Can cryptocurrency prices stabilize and continue to promote growth and development? We will wait and see how these situations develop.
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