Applied Blockchain picks Portugal for European expansion

UK-based distributed ledger technology and smart contracts venture, Applied Blockchain, has opened an office in Porto, its first non-UK office.

“Having an on-the-ground presence in continental Europe is the next natural step in the development of Applied Blockchain, and indicative of our ambition for, and commitment to, growth. It is also reflective of the increased demand we have seen for our expertise in the distributed ledger market, as we continue to deliver high-quality application solutions and products across a variety of sectors,” says Adi Ben-Ari, Founder & CEO of Applied Blockchain.

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“Although Portugal is a relatively new face in the global technology landscape, it has quickly risen as one of the world’s leading hubs for nurturing a high-quality pool of business and technology graduates. As a result, its developer community is blossoming,” he adds.

Ricardo Valente, Porto City Councillor for Economy, Tourism and Commerce, comments: “Porto is an emerging hub for technology firms. Applied Blockchain’s decision to invest in the city is a recognition of our talent, strategic location, quality of life, and cost competitiveness. The city council, through InvestPorto, will continue its commitment to supporting companies such as Applied Blockchain by providing tailor-made information and assistance at different phases of the investment process.”