Distributed Ledger Technologies (including Blockchain) have significant potential to transform a wide range of sectors, including traditional areas of the economy such as agriculture and agri-food industries; technology-driven sectors linked to digitalisation; and service sectors such as finance, insurance and law—without overlooking Public Administration itself.

Blockchain is undoubtedly one of the fastest-growing emerging technologies in terms of development. Although Europe does not yet have a dedicated Blockchain strategy, it has set the objective of establishing a common standard for this technology. To that end, conditions have already been put in place through the development of a regulatory and policy framework that supports innovation, startup development and the creation of ecosystems that foster the adoption of this technology.

In Portugal, the development of solutions and services based on these technologies across different sectors of activity, including the public sector, is already a reality. Several national and international startups have been developing projects in the country, benefiting not only from the technical skills of Portuguese professionals but also from a dynamic entrepreneurial environment that brings together academia, startups, companies and Public Administration.

It is therefore essential to develop a National Blockchain Strategy that leverages investment opportunities (particularly within the EU framework), the digital skills and capabilities of national professionals, entrepreneurial capacity, and the ambition to position Portugal as a leading innovator in this field.

Portugal is preparing to launch the development of its National Blockchain Strategy—one that aligns with the objectives set out under the Digital Transition and, at the same time, keeps pace with Europe’s commitment to transformation and innovation.