European Blockchain Institute to launch in North Rhine-Westphalia Germany

15 May, 2019
by Colin Hawkins
European Blockchain Institute to launch in North Rhine-Westphalia Germany

A European Blockchain Institute is setting up to be established after an announcement by the German North Rhine-Westphalia (NRW) state, according to a press release on May 13.

The Blockchain Institute is being built to further research blockchain technology and Andreas Pinkwart, a NRW Economics Minister, revealed the location of the new project. It is set to be inside the Fraunhofer Institute for Material Flow and Logistics, which is located in the city of Dortmund.

Pinkwart also addressed some concerns that critics of blockchain have voiced, through the press release. These critics expressed that they are concerned about the amount of energy being consumed through the mining of Bitcoin. As a response Pinkwart said:

"This technology can be safe, decentralized, affordable and, when used properly, not too energy-intensive.”

Building this Blockchain Institute is taking a step in the right direction for adoption of blockchain in Europe. They are strides behind the United States when you look at comparable blockchain adoption and advancements. NRW plans on leading the pack towards catching up Europe to the United States.

Bitcoin hits $8K! Binance reopening to spark altcoin rally?! Subscribe to the Chepicap YouTube Channel for more videos!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Read more about: Blockchain Germany

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage