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Austria.
Dynamic Business Location.

Blockchain Austria

Minister Mahrer © BMWFW

Blockchain has a decisive influence on the development of the Internet. Now, on the basis of the platform “Blockchain Austria”, Austria is supporting, for example, the setting up of blockchain research platforms, the training of specialized staff and already existing blockchain activities.

Blockchain involves a new type of data storage. Simply speaking, it means that data is not only stored on a server, but distributed over a large number of computers and secured via cryptographic processes. Blockchain enables real peer-to-peer transactions without “intermediaries”. The start-ups Minebox and Grid Singularity are among the Austrian pioneers.

“Blockchain Austria” was initiated by the Federal Ministry of Science, Research and Economy, and has partners such as Blockchainhub Graz or the research facility SBA Research.

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.

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