“Ethereum Island” May Soon Exist Off the Coast of Africa
Sofitel So Mauritius/Flickr
Ethereum startup ConsenSys and the nation of Mauritius are exploring a partnership and the creation of “Ethereum Island,” a blockchain technology hub. This would help transform the local economy and bring blockchain to more people around the world.
Global Blockchain Hub
Ethereum startup ConsenSys and the African nation of Mauritius are actively exploring a partnership. This collaboration would allow the two to create “Ethereum Island,” a blockchain technology hub for innovators hoping to extend into Asia, Africa, and elsewhere in the world. ConsenSys founder Joseph Lubin and a team of executives toured Mauritius in early July to meet with the Bank of Mauritius, the country’s Board of Investment, and various authorities in both the public and private sectors.
Located 700 miles east of Madagascar along Africa’s eastern coast, Mauritius is an established, offshore financial hub. Now the nation is hoping to solidify itself as a leader in blockchain technologies. In 2016, it began the regulatory sandbox license process in order to appeal to blockchain innovators.
Mauritius has also been working to become a center for the migration of tech knowledge from Silicon Valley, and other innovation locations, to the rest of the world. This has been referred to as a “Silicon Corridor” approach in a local publication. Beyond this, Mauritius offers enthusiasm for blockchain technology, a knowledge of technologies and regulatory issues more generally, and the nimbleness and ability to adopt new tools and technologies quickly that is typically associated with smaller countries.