The Reality of Blockchain Technology in the Financial Sector: Experiences from Some European Countries

Abstract

This study aims to explore the utilization of Blockchain technology within the European region amidst the rapidly evolving global dynamics. It assesses the benefits that Switzerland, the Netherlands, Germany, and Belgium derive from the multifaceted advantages of blockchain technology and its applications.

      The findings indicate that these countries provide conducive environments for the development of blockchain and cryptocurrency technologies. Moreover, blockchain technology's application extends beyond digital currencies, encompassing critical sectors such as healthcare, government services, and real estate. Zurich, Geneva, and Zug emerge as prominent hubs for blockchain-related enterprises, fostering innovation and knowledge exchange among startups in this domain