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Edinburgh is set to host its own global blockchain conference with over 200 attendees next month to discuss blockchain technology development, reports The Scotsman.

With global leaders signing up to the ScotChain16 conference on 11 November, this will be the first blockchain conference for Scotland, which is being held at the Royal Bank of Scotland’s Gogarburn headquarters.

Michael Young, chief executive of Glasgow-based MBN Solutions, one of the organizers of the event, said that this is a first for so many leading blockchain companies to congregate in Scotland to help people understand the blockchain technology.

He said:

We hope this event illustrates how Scotland is blazing a trail in this important technology area.


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Other organizers of the conference include Spiritus Partners, RBS, Deloitte, R3 CEV, BigchainDB and Blockstream.

Tapping into the Market

Scotland understands the potential that this new technology can have on its economy, which is one of the reasons why it is putting together this conference.

Not only that, but according to the Scotsman, academics at the University of Strathclyde, a leading public research university in Glasgow, found that if Scotland fails to adopt new inventions they could lose out on providing 14,000 jobs and £635 million in wages.

Over the next ten years it is predicted that around 15,000 jobs can be created in Scotland by tapping into the FinTech sector, states Daniel Broby, director of the University of Strathclyde’s Centre of Financial Regulation & Innovation.

For many this event will help to stimulate business interest in blockchain technology and how they can implement it to further their business.

At the ScotChain16 conference, topics to be discussed will include financial services, healthcare, insurance, supply chain management, and digital rights. It is expected that this conference will be the platform to catapult Scotland’s potential of becoming a blockchain powerhouse.

Scotland Embraces a New Technology

When it comes to innovative technologies, Scotland is not afraid of embracing them.

Last year, a Scottish MP was calling for a national digital currency, the ScotPound, to be experimented within the country, in a bid to break away from the British pound.

scottish pound

There have been several calls for Scotland to make away with the Sterling Pound, to choose its own digital currency.

Not only that, but the country went so far as to show its openness toward digital currency that a Glasgow pub was reported to start accepting the digital currency Scotcoin as a form of payment.

Yet, despite the enthusiasm behind the Scotcoin, if Scotland were to break away from the U.K., supporters of the digital currency would need to increase its value to reverse its low value that would make the cost of everyday living increase.

However, while the Scotcoin may, at present, have a low value, the upcoming ScotChain16 conference may help turn its this around as Scotland works at becoming the next blockchain powerhouse.

Images from Shutterstock.

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Posted by Rebecca Campbell