Blockchain is fueling this emerging tech hub in Portugal: Madeira Blockchain 2023

The Madeira archipelago in Portugal is witnessing the birth of a startup hub focused on emerging technologies, such as blockchain and artificial intelligence. Rogerio Gouveia, finance secretary of Madeira’s regional government, says the technology sector represents approximately 30% of the island’s businesses – a considerable increase for a traditionally tourism-driven economy.

The local tech community is behind the Madeira Blockchain Conference, a two-day event to promote startup networking and discussions about how blockchain can be used to solve real-world problems.

Cointelegraph attended the event held at the Cultural and Research Center of Funchal (CCIF) for the second consecutive year. The conference’s key takeaways are outlined next.