Applied Blockchain, a notable blockchain developer based in the UK, has revealed that it will be opening an office in Porto, to reinforce its blockchain development and to meet growing international demands.
Porto is a city set on the north-western coast of Portugal, being the second-largest after Lisbon. The office which will be based here benefits from an advantageous position which will enable Applied Blockchain to access new talent and business from various areas.
Applied Blockchain was first established in 2015, and since then it has specialized in offering leading organizations from various industries including aviation, banking, telecommunication, and car manufacturing, various applications of blockchain technology which they can integrate into their business.
The company has a list of startup and enterprise clients which spans over 30 members, which also features Shell, the developer’s most recent investor.
“The opening of our new office in Porto and 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.
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. We are very excited to be part of the dynamic and exciting tech community that is developing in Portugal.
We believe Portugal offers Applied Blockchain the best opportunity to develop our business and tap into a world-leading group of skilled and ambitious talent who can match our own business and quality aspirations.”
Regarding Porto’s potential in the blockchain world, Adi Ben-Ari, Founder and CEO at Applied Blockchain, said the following:
“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.”