Dutch - The Blockchain Trendsetters

The Netherlands has matured blockchain tech applications:

The Netherlands has been using blockchain in many sectors, including financial technology, trade finance, self-sovereign identity, energy, entertainment, cryptocurrency, real estate, healthcare, logistics, etc. In several ways, the country has been a trend-setter in applying DLT in several industries - both in the public and private sectors - and it has strong legislation supporting this use and a sound digital infrastructure. In the financial services sector, blockchain technology has found its applications mainly in trade settlement, KYC and trade finance. Stakeholders have never shied away from collaborating with global players in this domain. Also, the country is encouraging cryptocurrency and the Dutch Central Bank has extended registration for crypto service firms too.

There are 2 specific institutions in the country that facilitate the use of tokens and virtual assets through public-private initiatives - the Dutch Blockchain Coalition and the 2Tokens Foundation. They help organizations to use tokenization in their day-to-day operations. Similarly, NX’change is a regulated market where tokenized securities and digital assets can be traded within the existing regulatory framework.

When covid struck and the health services sector was in disarray, blockchain firms came to the sector’s rescue through developing covid tracking apps and medical supply chain applications.

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