Deloitte Report puts Tel Aviv on Par with Silicon Valley When It Comes to Blockchain Technology

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Deloitte Israel’s recently published report, Israel: A Hotspot for Blockchain Innovation, has Blockchain and the Fintech revolution centred in Tel Aviv and Israel itself as being a global leader.  Deloitte’s report included profiles of 38 Blockchain firms in Israel, with background histories on each firm and detailed financials.

The writers state that it’s easily on par to Silicon Valley when it comes to Blockchain theory and technology.

The report notes there are 430 Israeli fintech companies, including large enterprises as well as hundreds of local startups that raised $369 million in raised capital by 61 fintech Israeli companies in 2014. During the first three quarters of 2015, about 43 Israeli companies are reported to have raised capital and there are 14 Multinational fintech R&D centers in the country.

The report notes:

Israel, and specifically Tel Aviv, are at the forefront of blockchain technology

1. Cyber security and cryptography play a key role in the Israeli defense establishment; as such, the military serves as a potent incubator for these fields.

2. There are numerous Israeli entrepreneurs and startups that are currently developing a wide range of blockchain, applications. The dynamic nature of weekly blockchain meetings and the close cooperation between the science innovation and finance sectors, function as a powerful driving force behind the blockchain industry in Israel.

3. The “Israeli Factor” – Israel is well known for its entrepreneurial spirit and booming startups scene, successfully introducing many cutting edge technologies to the world

4. Israel is uniquely geographically positioned to serve as a gateway to numerous markets. Providing easy access to Europe as well as to Eastern Asian and African countries, Israel is ideally located for conducting business with foreign markets.

5. Israel’s relatively small size (approximately 20,000 sq. km), provides for a highly concentrated business arena. Consequently, due to their fairly close proximity, it is very easy for companies throughout the country, to interact and collaborate with each other.

Deloitte’s report profiles 38 blockchain firms domiciled within Israel, with background histories on each firm and detailed financial figures.

 

Deloitte has already established a presence in Israel with its Rubix project, a platform that allows developers to create customizable Blockchains and smart contract applications.

 

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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