The authors of a study at the National University of Ireland (NUI) Galway on the adoption of blockchain in Ireland, called on the government to promote the technology more broadly in the country, The Irish Times reported May 11. The study proposes recommendations to increase blockchain awareness and adoption, that can reportedly have a positive impact on economic growth and establish a basis for how the government and Irish organizations carry out business.
Dr. Trevor Clohessy at NUI Galway, who led the research, called for government action to promote blockchain in Ireland through the development of a national initiative.
The study entitled “The adoption of Blockchain in Ireland: Examining the influence of organisational factors” was conducted by NUI Galway in partnership with the Blockchain Association of Ireland. The study examines factors that influence Irish companies in their decisions to adopt blockchain. The key findings show that only 40 percent of enterprises in Ireland have embraced the technology, which is a relatively low rate according to the researchers.