Deloitte, the professional services and consulting firm, today announces Dublin as the base for the creation of an EMEA Financial Services Blockchain Lab as part of its FinTech initiative ‘The Grid’.
The firm will create 50 jobs over the next 18 months and they will be based in the Dublin centre. The lab’s team will comprise blockchain developers and designers. Blockchain is a coding technology that allows a number of parties to track and record transactions without the need for a central database, which makes it less susceptible to tampering and fraud.
“We are proud that Ireland has been chosen as the location for this lab. Not only was the strength, expertise, and proven capability of the Deloitte Ireland blockchain team recognised, but the proximity to the headquarters of many global technology companies, our strong focus on innovation and R&D, and the support from governmental institutions, academia, and the local FinTech industry were all key factors in securing this investment. We’re excited as an organisation to be positioning Ireland as being at the forefront of progressing this exciting technology.”
Brendan Jennings, Managing Partner, Deloitte Ireland
The technology is a cornerstone of “crypto currencies” like Bitcoin. Firms like Deloitte are increasingly looking at its potential application in the wider financial services industry.
The company recently announced partnerships with five leading blockchain technology companies as part of its global blockchain initiatives.
“The decision by Deloitte to locate this blockchain lab in Ireland is a great endorsement of the technical expertise available here. This type of investment directly complements the developing cluster of professional services firms carrying out commercially focused and client-oriented innovation in Ireland. Deloitte’s EMEA Financial Services Blockchain Lab will be an important reference site for IDA Ireland as we work to attract additional investment from technology-focussed professional services companies to Ireland.”
Martin Shanahan, CEO, IDA Ireland
Joe Robbins is co-founder of CareerWise Recruitment. A graduate of the University of Limerick (Degree in Business Studies, 1985), Joe worked in the UK for five years where he specialised in materials management, production management and plant management for a number of companies.
He returned to Ireland in 1992 to become Operations Manager for a Cork-based start-up, FMC Automotive Division which was subsequently taken over by Snap-on Equipment. Joe managed the business re-location of this company to Shannon in 1997 before setting up CareerWise Recruitment in 1999.
He is a committee member of the Chartered Institute of Personnel and Development (CIPD) Mid-West region, and a former Director and Vice President of the Shannon Chamber of Commerce. Joe is former Chairperson of the Sixmilebridge Camogie Club and current Chairperson of the Clare County Camogie Board.
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