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Blockchain is powering the growth of Madeira’s tech sector by 2023.

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#TechCommunity
#BlockchainInnovation
#CCIF

The Madeira Blockchain Conference 2023 served as a platform to highlight startups that are utilizing the blockchain technology to address real-world issues across various industries. The conference took place on the Madeira archipelago in Portugal, which is rapidly emerging as a hub for startups specializing in blockchain and artificial intelligence. An essential part of the Madeira region’s economy, now occupied by the technology sector, signals a significant shift from the traditionally tourism-reliant economy.

Rogerio Gouveia, the finance secretary of Madeira’s regional government, remarked on this impressive growth in the technology sector now constituting around 30% of the local businesses on the island. The Madeira Blockchain Conference, orchestrated by the local tech community, is a two-day event offering a platform for networking opportunities for startups and dialogues focusing on the practical applications of blockchain technology for problem-solving. Cointelegraph was in attendance for the second consecutive year, at the Cultural and Research Center of Funchal (CCIF), summarising the primary learnings from this informative conference.

Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/economics6.jpeg

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