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1、Blockchain in Scotland Landscape Overview May,2023 Introduction2History and Main Principles4Scotland Blockchain Industry Framework8Blockchain Companies-Landscape Overview 14Overview of Scottish Blockchain Segments19Scottish Blockchains-Case Studies28Scotland Blockchain Leaders:Profiling35Scotland Bl
2、ockchain Investors Overview44Economic opportunities for Blockchain in Scotland51Hubs,GovTech71Summary76Table of Contents and Introduction“Blockchain Industry in Scotland Landscape Overview Q1 2023:Companies,Investors,Influencers and Trends”,produced by Deep Knowledge Analytics on behalf of Scottish
3、Enterprise,presents an updated and comprehensive overview of the entire Blockchain Industry Ecosystem in 32 Scottish council areas.This Overview presents the first ecosystem map and landscaping analysis of Blockchains economic opportunities for Scotland.It highlights how Scottish Blockchain initiati
4、ves can transform various tech sectors but also acknowledges existing obstacles,such as regulatory challenges or public awareness.The report categorises and profiles 60 distinct Blockchain-centric entities and examines 78 investors,86 Blockchain Leaders in Scotland,and 33 Hubs,including R&D centers,
5、Government initiatives,and Accelerators,etc.The Blockchain in Scotland Ecosystem Framework developed by DKA encompasses a diverse range of sectors leveraging blockchain technology to create innovative and secure solutions and encourages collaboration and development within these sectors to foster gr
6、owth in the Scottish Blockchain industry.Deep Knowledge Analytics2Blockchain Industry OverviewHistory and Main Principles Definition of BlockchainPermissioned BlockchainsDistributed DatabasesWhat is Blockchain?A blockchain is a digital ledger or database that is shared among a network of computers.I
7、t is designed to store information electronically in digital format and is best known for its use in cryptocurrencies such as Bitcoin.The innovative feature of a blockchain is that it allows for secure and decentralized record-keeping without the need for a trusted third party.Unlike a typical datab
8、ase that structures data into tables,blockchain works by allowing digital information to be recorded and distributed across a network of computers in a decentralised manner.This information is stored in blocks that hold sets of data and are linked together through cryptography,forming a chain of dat
9、a.New information is stored in the newly created blocks in the chain.The“decentralised”means users collectively control it without any single person or group having control.Blockchains are an ideal foundation for immutable ledgers or records of transactions because they are designed to be immutable,
10、meaning that the data entered cannot be altered,deleted,or destroyed.The most common Blockchains e.g.Bitcoin are open for anyone to use however a Blockchain can also be permissioned.Source:Banco Bilbao Vizcaya Argentaria,ENTSO-E,Tradeix,Blockchain Industry in the UK Landscape Overview 2021 Deep Know
11、ledge Analytics4DLTBlockchainPermissioned BlockchainsPermissioned BlockchainsDistributed Databases DLTBlockchainPermissioned BlockchainsDistributed EcosystemDLT(Distributed Ledger Technology)DLT allows for a decentralised database to be managed by its participants without the need for a central auth
12、ority to act as an arbitrator or monitor.Each participant maintains their own copy of the databases current state.Changes to the state are achieved via consensus amongst all participants,this ensures all copies are synchronised to one another.There are different forms of DLT designs,such as Blockcha
13、in(Bitcoin,Ethereum,EOS,etc.)or Directed Acyclic Graphs(DAG)(IOTA,Hadrea Hashgraph,etc.).Source:Banco Bilbao Vizcaya Argentaria,ENTSO-E,Tradeix,Blockchain Industry in the UK Landscape Overview 2021Deep Knowledge Analytics5Distributed DatabasesA distributed database is a database that is stored and m
14、anaged across a network of computers rather than in a single,centralised location.The key difference is that such databases mostly rely on a central authority or intermediary.Permissioned BlockchainsPermissioned blockchains are a type of blockchain where access to the network and the ability to part
15、icipate in the validation of transactions are restricted to a specific group of participants.These participants are typically known and identified.The Advantages of Blockchain Technology Peer-to-PeerThe communication between the parties is not dependent on any central authority.Instead,every node pa
16、rticipates equally in processing and distributing the information to all other nodes that are associated with the network or especially to the transaction.ConsensusMost blockchain projects use one of the three consensus algorithms:Proof of Work(PoW),Proof of Stake(PoS)or Delegated Proof of Stake(DPo
17、S).The consensus algorithm permits participants to maintain identical copies of the distributed ledger without the need for a central authority.DistributedFor most blockchains,anyone can participate in maintaining the chain.Typically,this involves maintaining a copy of the current state of the block
18、chain and processing transac-tions.The result is that the blockchain cannot be turned off by simply removing a single actor as can be done with centralised databases.TransparencyMost blockchains are public ledgers,meaning that all transactions that have ever taken place can be viewed by anyone,inclu
19、ding individuals who dont interact with the ledger directly.The level of transparency can vary though where some enterprise Blockchains are completely walled off from public view.ImmutabilityThe transactions initiated,processed and completed on the network are hard to reverse.Regardless of the algor
20、ithm utilised to maintain consensus,a dishonest actor looking to reverse a transaction or edit an old transaction would have to incur great financial costs to do so.5 Common Features of BlockchainsSource:Morioh,LexologyDeep Knowledge Analytics6The Benefits and Challenges of BlockchainDeep Knowledge
21、Analytics7BenefitsTransactions are verified and approved by consensus among participants in the network,making fraud more difficult.The entire chronology of events is tracked,allowing anyone to trace or audit prior transactions.The technology operates on a distributed,rather than centralised,platfor
22、m,with each participant having access to identical ledger records.ChallengesRecognizing the original creator of contentLegal concerns and questioning traditional methodsStoring data on or off the blockchainEstablishing intellectual property rightsMeasuring and monetizing small amounts of dataManagin
23、g and granting access to the blockchain networkAs blockchain technologies become more popular,bringing on their benefits,there arise multiple challenges to overcome for the significant increase of data-usage efficiency and overall quality of infrastructure.The most common challenges when talking abo
24、ut blockchain stem from the methodological and legal standpoint.With the industry itself being somewhat new and still in the process of self-defining.There is still a lack of fully-developed legislative and scientific backing for the sector.At the same time,it is apparent that both governmental and
25、private entities are working towards rectifying these issues.Energy&Climate ChangeSub-Segmentation of Scottish Blockchain Usage-Current State of the MarketCyber SecuritySoftware DevelopmentHealthCareMedia&EntertainmentScotland Blockchain Industry FrameworkBlockchain Education and TrainingBlockchain
26、Consultancy and AdviceCrypto Finance&DeFiUsing Blockchain for Development Recruitment and Human ResourcesBlockChain-as-a-Service ModelCrypto TradingSegmentation of Scottish BlockchainDeep Knowledge Analytics8NFTBlockchain in Scotland FrameworkOrganisations use third parties to install,host,and maint
27、ain blockchain networks.BaaS lets non-blockchain industries use secure,transparent platforms,reducing costs and improving efficiency.Using blockchain technology,DeFi makes it possible to access traditional financial services such as borrowing,lending,trading,and insurance in a decentralised manner.B
28、y offering energy cryptocurrencies,financing energy access,and consolidating record-keeping,blockchain enhances transparency,accelerates investment in sustainable projects,and simplifies compliance with climate change regulations.Entities that focus on business development and promotion for companie
29、s adopting blockchain technology.They also specialise in strategic and regulatory advice in the cryptocurrency industry.Crypto trading platforms and supportive solutions offer user-friendly interfaces,extensive charting tools,and diverse cryptocurrency support.They improve trading strategies with al
30、gorithmic trading,customisable bots,and risk management tools.EdTech Innovators that develop secure and decentralised platforms for academic records and learning resources distribution.Blockchain-based solutions facilitating global collaboration between educators,students,and institutionsCrypto Trad
31、ingBlockchain Education and TrainingBlockchain Consultancy and AdviceBlockchain-as-a-service modelCrypto Finance&DeFiEnergy&Climate ChangeThis sector includes entities utilising blockchains transparency,security,and immutability for innovative business and customer solutions,such as DeFi flash loans
32、,which are not possible in traditional finance.Blockchain can provide secure,transparent,and tamper-proof recording and sharing of HR-related data,such as employee credentials,performance records,and payroll information.Recruitment and Human ResourcesUsing Blockchain to Develop New Products or Servi
33、cesDeep Knowledge Analytics9Blockchain in Scotland Framework Cybersecurity in blockchain refers to the protection of blockchain networks and related digital assets from cyber threats such as hacking,ransomware attacks,and theft.It involves the use of various security measures such as encryption,digi
34、tal signatures,and permissioned access to ensure the security and integrity of blockchain-based systems and applications.NFT(Non-Fungible Token)in blockchain refers to a unique digital asset that represents ownership of a specific digital asset or piece of content,such as artwork,music,or video.Each
35、 NFT is stored on a blockchain network,providing proof of ownership and authenticity and enabling secure and transparent transactions for the buying and selling digital assets.Blockchain software development involves creating decentralised applications(dApps)that run on a blockchain network,writing
36、and testing smart contracts,building and maintaining blockchain nodes,integrating blockchain technology into existing systems,and ensuring the security and proper functioning of the applications.Media and entertainment in blockchain refer to using blockchain technology in the media and entertainment
37、 industry to enable secure and transparent transactions,protect intellectual property rights,and facilitate more efficient content distribution.It involves the development of blockchain-based solutions for content creation,distribution,and consumption that can lead to a more fair and equitable syste
38、m for creators,consumers,and distributors of content.Longevity and healthcare in blockchain refer to the use of blockchain technology in the healthcare industry to improve patient outcomes,reduce healthcare costs,and enable secure and transparent patient data management.It involves the development o
39、f blockchain-based solutions for personalised treatment plans,drug development,clinical trials,and more efficient healthcare delivery.Media&EntertainmentHealthCareSoftware DevelopmentCyber SecurityNFTDeep Knowledge Analytics10Blockchain Leading Companies-60Investors-78Scottish Blockchain Leaders-86
40、Hubs-33(R&D Centres,Government Initiatives,Accelerators)2017Interactive MindmapBlockchain in Scotland Ecosystem MindmapThe Scottish government acknowledged the potential of blockchain technology in their report titled“Scotlands Digital Future:A Strategy for Scotland”2011The University of Edinburgh b
41、ecomes the first university in Scotland to offer a course on blockchain technology.2016Edinburgh Napier University is building a pioneering new research lab to explore ways in which blockchain technology can protect personal data from online scammers and hackers.2016The number of registered blockcha
42、in companies in Scotland has reached almost 30,including the following ones:Galaxy Global Investments,Kubemake,and MaidSafe.2010On April 24,2014,MaidSafe,a company focused on creating a decentralised and secure internet infrastructure,secured$6 million in funding through an equity crowdfunding round
43、.2014In early 2016,the Scottish government committed to accelerate trials of digital voting.2016Key Milestones of Blockchain Industry Development in ScotlandDeep Knowledge Analytics12Source:Pitchbook data,Crunchbase Satoshi Nakamoto introduces Bitcoin and Blockchain in a whitepaper.The first bitcoin
44、 exchange and transactions take place.2008:Key Milestones of Blockchain Industry Development in ScotlandThe University of Edinburgh launched a Blockchain Technology Laboratory to foster R&D in the field of DLT.This laboratory conducted research on various aspects of blockchain technology,such as cry
45、ptography,distributed systems,and game theory.2018In 2020,Wallet.Services received funding of 1.3M with a pre-money valuation of 2.7M,with leading Scottish VC fund,Par Equity,as the lead investor.2020-2021Par Equity leads 1.6M seed investment in Scottish AI-powered recruitment start-up Gigged.AI.The
46、 platform uses smart contracts to automate the process of hiring freelancers and managing payments.2023The Scottish Blockchain Meetup group was established to bring together professionals,enthusiasts,and researchers.ScotChain conference was hold in bringing together blockchain industry experts,acade
47、mics,and enthusiasts.2018The Scottish Government launches the“Distributed Ledger Technology(DLT)Challenge,”a program aimed at funding blockchain solutions for public sector challenges.2019Key Milestones of Blockchain Industry Development in ScotlandDeep Knowledge Analytics13Source:The Scotsman,Scott
48、ish Government Report on DLT,The University of Edinburgh Crunchbase,DeFiLlamaBlockchain in Scotland Landscape OverviewMarket Dynamics Scottish Blockchain Companies-Regional Distribution Edinburgh(City of Edinburgh)29Aberdeen(Aberdeen City)5Glasgow(Glasgow City)14Ayrshire(Inverclyde)2Blockchain Compa
49、nies Incorporated in ScotlandCentral Belt6Blockchains safe and trustworthy data allows for innovative data use.Instant communication transformed the economy,and fully secure transmission has substantial economic,social,and societal benefits.Deep Knowledge Analytics(DKA)believes the Scottish economy
50、is ready to adopt Blockchain and reap its many benefits.Blockchain technology can contribute 4.48 billion to Scotlands GDP by 2030*.Worldwide,Blockchain is expected to generate$1.2trn to the global economy by 2030*.Deep Knowledge Analytics promotes the widespread adoption of blockchain solutions to
51、help Scottish society.Socially accountable supply chain activities,user-friendly healthcare systems,and lower data exchange and intermediary financial costs can boost national wealth.Blockchain Industry in Scotland PotentialDeep Knowledge Analytics15*“Time for trust”report of PWC(2020)Most Blockchai
52、n companies are located in Edinburgh,accounting for 29 companies,which is almost half of the total number of companies.Glasgow comes next with 14 companies,followed by Central Belt and then Aberdeen.Argyll(Helensburgh)2Source:Statista,Blockchain in Scotland:Leading Companies Source:Nasdaq,DeFiLlama,
53、gov.scot,Crunchbase,DKA dataDeep Knowledge Analytics16Blockchain in Scotland Sectoral Distribution Cumulative Number of Established Companies Distribution of Sectors by Number of Companies The sectoral distribution of the Blockchain entities established in Scotland shows that the largest percentage(
54、26.7%)is dedicated to companies focused on Crypto Trading.The second-largest percentage(16.7%)is split between blockchain consultancy and advice and blockchain-as-a-service model.Despite the leading crypto trading position,smaller segments are still majority,indicating diversification of blockchain
55、technology in Scotland.The data presented in the graph above demonstrates a consistent growth trend in the number of blockchain companies being established in Scottish areas.Starting with 13 companies in 2010,we see a steady increase in new establishments until reaching a peak of 11 new companies in
56、 2021.While there was a slight decrease to 6 new companies in 2022,the overall trend suggests a healthy and expanding industry.Deep Knowledge Analytics17By focusing on the development of blockchain infrastructure,products and services for various industries,the Scottish-born companies offer a sustai
57、nable growth trajectory that is less vulnerable to market hype and cryptocurrency volatility.*-develop new products and servicesTotal Funding Amount and Number of Funding Rounds in the Scottish Blockchain EcosystemBlockchain Private Investment Market Dynamics The amount of capital invested in crypto
58、 technologies is trending upwards with 2021 being a breakout year in the industry,reaching$21.2 billion in invested capital.The overall investment trend correlates with increased funding in blockchain and crypto technologies in the different sectors of the global economy in 2021-2022.The global bloc
59、kchain technology market size is expected to reach$1.2 trillion by 2030,growing at a CAGR of 87.7%from 2023 to 2030.Global Crypto and Blockchain VC&PE Funding Amount by YearsThe bar chart above shows the 24 disclosed funding rounds within the Scottish blockchain ecosystem.The median funding round fo
60、r a company within the Scottish blockchain ecosystem is$2 million.Since 2014 the total number of$39.9 million has been raised by 9 companies from the Scottish Blockchain Ecosystem(only disclosed deals are taken into account).Source:Grand View Research,Pitchbook data,Blockchain in Longevity Industry
61、ReportDeep Knowledge Analytics18Blockchain in Scotland Landscape Overview of the Segments Overview of Scottish Companies Using Blockchain to Develop New SolutionsScotland is home to a growing number of companies that are using blockchain technology to develop new solutions,referring to the process o
62、f leveraging the unique features of blockchain to create innovative solutions,offerings,or enhancements across various industries,from finance and healthcare to supply chain management and energy.According to the research by Deep Knowledge Analytics,most Scottish companies from the“using blockchain
63、to develop new products or services”sector belong to Software Development sub-segment(28.6%),which indicates a higher level of technology adoption across the market.Software Development sub-segment is followed by Media&Entertainment,Crypto Finance,and Cyber Security sectors in equal proportion(all 1
64、9%).Deep Knowledge Analytics20Peer-to-Peer Energy TradingEnergy CryptocurrenciesStreamlining Access to Renewable EnergyWholesale Trading through Mini-GridsFinancing Energy AccessRecord Storing in One PlaceUse Cases of Using blockchain to DNPSSecure Identity VerificationDecentralized Cloud StorageSup
65、ply Chain ManagementAdvertising Network TokenizationDecentralized Hosting ServicesReal-time Data AnalyticsCompanyShort infoSubsectorMoney Raised,million USDLead InvestorsMonaxMonax is the contract management platform to notarise electronic signatures on the blockchain.-CyberSecCyberSecUndisclosed An
66、themis Group and PartechOnboard-IDA technology company that specialises in identity verification and management solutions.-CyberSecCyberSecUndisclosed(Grant)Onboard.ID is funded by the University of EdinburghDelicDelic is the new operating system for the Music Business.Asset and rights management pl
67、atform using digital and blockchain technologies.Media&Entertainment$0.8MEXPERT DOJO,Velocity Capital Advisors,InnvotecOverview of Blockchain Companies in BlockChain-as-a-Service modelDeep Knowledge Analytics21Peer-to-Peer Energy TradingEnergy CryptocurrenciesStreamlining Access to Renewable EnergyW
68、holesale Trading through Mini-GridsFinancing Energy AccessRecord Storing in One PlaceUse Cases of Using blockchain in BlockChain-as-a-service modelDecentralized Internet InfrastructureSecure Data Sharing and CollaborationCryptocurrency Wallet and Exchange ServicesAsset Tokenization and ManagementCro
69、ss-chain InteroperabilityDecentralized Betting PlatformCompanySubsectorShort infoBlockchainMoney Raised,million USDLead InvestorsBetDEXMedia&EntertainmentBetDEX is a decentralised sports betting platform that operates on the Solana blockchain and the Monaco Protocol.BetDEX is a permissionless protoc
70、ol,allowing anyone to build their own applications on top of it.BetDEX could also be used for a wide range of applications on the Solana blockchain.$21MFTX,Solana,Lightspeed Venture Partners,Hack VC,6th Man VenturesBTPCrypto Finance&DeFiFounded in 2018,and backed by Force Over Mass and Signature Ven
71、tures,BTP is a digital provenance company,with a mission to make assets trustworthy.BTP is the company behind Chronicle,a product that allows organisations to record and query immutable provenance information on a distributed ledger,about any asset,in any domainSextant by BTP is a Kubernetes-native
72、blockchain management and operations platform that facilitates the deployment of a digital provenance solution,Chronicle,as well as its integration with enterprise systems$2.6M Force Over Mass Capital,Signature Ventures,Martin Gilbert,Andrew LaingBlockchain-as-a-Service(BaaS)business model describes
73、 the process through which third parties install,host,and maintain a Blockchain network on behalf of organisations.The service provider offers the setting up of Blockchain infrastructure and technology in return for fees.BaaS functions like a sort of web host,running the back-end operation for a blo
74、ckchain-based app or platform.It eliminates the need for an enterprise to set up blockchain infrastructure by itself.BaaS can significantly leverage other non-blockchain industries by providing them with a secure and transparent platform for their transactions.It can help industries such as Software
75、 Development,Finance,Cyber Security,Media&Entertainment and more to reduce costs,increase efficiency,and improve transparency.Overview of Scottish Companies in Crypto Finance and DeFiCompanyShort infoBlockchainMoney Raised,million USDLead InvestorsByzantiumByzantium is a boutique agency dedicated to
76、 business development and promotion for companies upgrading to or implementing blockchain technology.Byzantium operates as Immersive marketing,PR,and consulting service provider,Fundraising aggregator.Undisclosed BYZANTIUM RENAISSANCE LPStrongHandsStrongHands provides a platform for trading cryptocu
77、rrency.The StrongHands Community registered in Scotland a hybrid exchange called StrongHands Exchange(SHNDX)in may 2020.In addition to their NFT marketplace,StrongHands is also developing a DeFi ecosystem that allows users to access financial services such as lending and borrowing in a decentralised
78、 manner.$2MUndisclosedDeFi in Crypto Finance leverages(not)Blockchain Centric Derivatives MarketsDeep Knowledge Analytics22Use Cases of Blockchain in Crypto Finance and DeFiProvides Access to Derivatives Leveraging blockchainasDecentralised Finance(DeFi)gains traction globally,offering financial ser
79、vices via distributed ledger technology outside traditional centralised banking.However,Scotlands DeFi regulatory landscape remains uncertain.Decentralised exchanges(DEXs)enable crypto trading without intermediaries,while stablecoins are pegged to real-world assets.Automated Market Makers(AMMs)facil
80、itate decentralised crypto trading,and yield farming lets users earn interest by providing liquidity.Blockchain-based DeFi platforms enhance efficiency and transparency in lending and borrowing.DecentralisedExchangesLending and BorrowingPlatformsYield FarmingTokenization of Real-World AssetsDecentra
81、lised Asset ManagementAccess to DerivativesDecentralised Finance is possible and efficient with the use of Blockchain Some of the leading DeFi players in terms of capitalisation(billions of dollars in TVL)and ranking include Uniswap,Aave,and Compound.Source:The Switch,Forbes,The Engineer,Mondaq,BHES
82、Co,The PHA GroupOverview of Scottish Companies in Energy&Climate ChangeCompanyShort infoBlockchainHypervineHypervine is a tool for tracking people,materials,machines and carbon emissions on construction and mining sites.Hypervine uses blockchain technology to improve the efficiency and transparency
83、of the mining and construction industries.SEABlockchain-based environmental data ecosystemSustainable Earth Alliance(SEA)is a blockchain project that funds ocean conservation and creates a global environmental data network on the Algorand blockchain.BSC and VSEA are the projects main tokens.Source:T
84、he Switch,Forbes,The Engineer,Mondaq,BHESCo,The PHA GroupEnergy security is a perennial cross-party concern,and has been a recurring theme in the governing partys case for Scottish independence.Blockchain technology can enable innovation in the energy sector by creating new energy trading and financ
85、ing models using smart contracts and automated protocols,potentially incentivizing energy conservation.Peer-to-peer(P2P)electricity distribution with smart meters on a decentralised network allows users to buy energy directly from the grid.Additionally,blockchain-supported electrical grid management
86、 offers an interoperable platform for automated transactions,speeding up Distributed Electricity Generation(DER)integration,strengthening the grid,and lowering consumer costs.Deep Knowledge Analytics23Peer-to-Peer Energy TradingEnergy CryptocurrenciesStreamlining Access to Renewable EnergyWholesale
87、Trading through Mini-GridsFinancing Energy AccessRecord Storing in One PlaceUse Cases of Blockchain in Energy SectorPeer-to-Peer Energy TradingFinancing EnergyAccessStreamlining Access to Renewable EnergyEnergy CryptocurrenciesWholesale Trading through Mini-GridsRecord Storing in One PlaceOverview o
88、f Scottish Companies in Recruitment and Human ResourcesSource:The Switch,Forbes,The Engineer,Mondaq,BHESCo,The PHA GroupCompanyShort infoBlockchainMoney Raised,million USDLead InvestorsGigged.AIGigged.AI is a AI-driven talent platform for quickly recruiting tech talent.The platform uses AI-driven bl
89、ockchain technology to create secure and transparent records of candidate qualifications,experience,and work history.Gigged.AI also uses smart contracts to automate the recruitment process,saving time and reducing the risk of errors.$3MScottish Enterprise,Par Equity,Techstart Ventures,Nile HQ,The Su
90、stainable Innovation FundSymbaSyncSymbaSync creates instant access to up-to-date employee skills and interests to source for temporary and permanent project teams.SymbaSync uses blockchain to create instant access to up-to-date employee skills and interests to source for temporary and permanent proj
91、ect teams.The platform allows employees to create a secure,self-sovereign identity on the blockchain,which stores their skills,experience,and interests.0.41KNCA,Bootstrapped Debt FinancingBull ProjectBull Project helps companies to recruit,hire,manage and pay salaries in Cryptocurrencies to distribu
92、ted teams using Web3 and Blockchain technologies.Bull Project allows companies to pay salaries in cryptocurrencies to their distributed teams.This is possible through blockchain technologies and web3 interfaces,which enable the secure and transparent transfer of funds.$0.43MUndisclosedAll Crypto Job
93、sEvery single crypto job aggregated to one simple feed.A platform could potentially save job seekers time and effort by providing a centralized location for job opportunities in the crypto industry$0.3MUndisclosed Self-Sovereign Identities for employees allows them to control their own data and shar
94、e it with potential employers,recruiters,or other parties.Streamline the hiring process and reduce the risk of fraud or errors.Fast and secure payments especially for distributed teams or contractors working remotely.Smart contracts automates the hiring process,making it faster,more efficient,and mo
95、re secure.Deep Knowledge Analytics24 Streamline the hiringprocessSelf-SovereignIdentitiesSmart contracts Fast and secure paymentsUse Cases of Blockchain in HR Sector Blockchain is improving the security and efficiency of Recruitment and HRBlockchain has potential to revolutionise HR management with
96、tamper-proof digital ledgers for verifying employee credentials,improving transparency and security of data,while also possibly boosting efficiency and streamlining the processes.Scottish startups utilise this innovation with services such as verified CVs and decentralised hiring platforms.Adoption
97、of blockchain in HR can benefit Scottish businesses with increased efficiency and transparency in workforce operations.Overview of Scottish Companies in Blockchain Consultancy and AdviceSource:The Switch,Forbes,The Engineer,Mondaq,BHESCo,The PHA GroupCompanyShort infoBlockchainCigrek CapitalCigrek C
98、apital provides investment,lending,funding,cryptocurrency,financial,and asset management services.The companys cryptocurrency solutions allow clients to trade and invest in digital assets in a secure and reliable manner.The platfBrighter ConsultancyBrighter Consultancy is a management consulting fir
99、m providing business consulting and advisory services for business transformation.Brighter provide software solutions that utilize blockchain technology to help drive change and support business growth for their clients.Crypto Wealth ScotlandCrypto Wealth Scotland is an educational platformCrypto We
100、alth Scotland is good at empowering individuals with unbiased and accurate information about cryptocurrencies and blockchain technology.Use Cases of Blockchain in Consultancy and AdviceDeep Knowledge Analytics25Smart ContractsSecure Record-Keeping Strategic Consultancy and AdvicePayment ProcessingDi
101、gital SignaturesThe number of of Blockchain Consultancy companies is increasingBlockchain consultancy services in Scotland offer expert advice and support on investing in this innovative field to unlock its full potential.There are also training programs and workshops to educate individuals and team
102、s on the fundamentals of blockchain technology and how it can be applied in various industries.With their in-depth knowledge and experience,blockchain consultancy services in Scotland are playing a key role in driving the adoption and integration of blockchain technology across different sectors,ult
103、imately leading to greater innovation and growth in the Scottish economy.Overview of Scottish Companies in Blockchain EducationCompanyShort infoBlockchainBitcoin CollegeScottish-based financial education provider.A company that offers cryptocurrency and blockchain-related courses and training progra
104、ms.Jump DigitalOnline education provider concentrating on emerging technologies.Offers a Business Blockchain Certificate,in association with Edinburgh Business School:learning key concepts,use cases,corporate strategy and value innovation modelling.Use Cases of Blockchain in the Education SectorDeep
105、 Knowledge Analytics26Financing EducationCopyright ProtectionE-TranscriptsRecord-KeepingDecentralisation of the InstitutionBlockchain in Education:Enhancing Security,Efficiency,and TransparencyBlockchain in education offers tamper-proof digital records for qualifications,streamlining storage,sharing
106、,and transfer of academic credentials while preventing fraud.It improves data management with a secure,decentralized database for educational records.Decentralised learning platforms enable peer-to-peer learning and credentialing,fostering a flexible,merit-based system.Additionally,blockchain allows
107、 institutions to track funding sources transparently,ensuring effective resource allocation.Source:The Switch,Forbes,The Engineer,Mondaq,BHESCo,The PHA GroupOverview of Scottish Companies in Media&EntertainmentCompanyShort infoBlockchainDopamine Games LimitedDopamine Games Limited is a games develop
108、ment studio based in Scotland that aims to create a new virtual Universe MMO experience.By combining deep development experience and partnerships in procedural generation,artificial intelligence and blockchain technologies,Dopamine aims to generate new and exciting content.Blockchain Comics LtdThe p
109、urpose of Blockchain Comics is to empower the community to take ownership of a unique comic series by publishing both digitally and physically through their decentralized publishing portal.Blockchain Comics started with the idea of a comic book being created on the blockchain,which could be a parody
110、 of the invention of blockchain technology.Deep Knowledge Analytics27Use Cases of Blockchain in Media&EntertainmentBlockchain technology holds great potential to transform the Media and Entertainment Industry,with companies like Delic,Blockchain Comics,and Dopamine Games Limited from Scotland poised
111、 to capitalize on this trend.Platforms like Delics and VAULTs offer new revenue streams,while BetDEXs decentralised sports betting attracts users and benefits content creators.Blockchain enhances fan engagement via tokenization,improves advertising transparency,and supports decentralised social netw
112、orks.These applications revolutionise content creation,distribution,and consumption,empowering creators,streamlining processes,and promoting transparency.Facilitating Fan EngagementDigital Rights ManagementCrypto News AggregationTokenization of Art-related AssetsSmart Contracts Empower Greater Colla
113、boration within the IndustryRevolutionising Media&Entertainment:Unleashing the Power of BlockchainSource:The Switch,Forbes,The Engineer,Mondaq,BHESCo,The PHA GroupBlockchain in Scotland Landscape Case Studies Cyber Security Sector Case StudiesMonax aims bonding legal agreements to non-fungible token
114、s,creating a legal bridge between assets on and off chain.The platform developed by Monax allows for the notarisation of electronic signatures on the blockchain,providing a secure and tamper-proof way to verify the authenticity of legal agreements.One innovative way that Monax is using blockchain te
115、chnology is by bonding legal agreements to non-fungible tokens(NFTs).By leveraging the unique properties of blockchain technology such as transparency,security,and immutability,Monax is able to offer innovative solutions that can help businesses streamline their processes and reduce costs.For exampl
116、e,they may develop tools to improve supply chain management by providing greater visibility and traceability of goods.Deep Knowledge Analytics29Monax is the only contract management platform to notarize electronic signatures on the blockchain.Founded:2014Headquarters:EdinburghEmployees:11-50Onboard-
117、IDs proprietary technology verifies users identities using a range of biometric and document verification methods.This includes facial recognition,document scanning,and data analysis,all in real-time.The companys solutions are highly scalable and customizable,making it ideal for businesses of all si
118、zes across various industries.Their team of experts includes experienced professionals in AI,cybersecurity,and identity verification.The company is committed to providing world-class customer service and support,working closely with clients to understand their unique needs and provide customized sol
119、utions that meet their specific requirements.With Onboard-IDs solutions,businesses can reduce the risk of fraud,streamline their identity verification process,and enhance customer experience.Onboard-ID is a technology company that specialises in identity verification and management solutionsFounded:
120、2020Headquarters:EdinburghEmployees:2-10Media and Entertainment Sector Case StudiesThe companys platform is designed to enable sports betting operators to offer their customers an unparalleled betting experience,with real-time odds and highly accurate predictions on a wide range of sports and events
121、.The platforms algorithms are constantly evolving to provide the most up-to-date and reliable data,making it the ideal solution for sportsbooks and betting operators looking to stay ahead of the curve.In addition to its platform,BetDex also offers a range of professional services,including data anal
122、ysis,risk management,and consulting,to help sports betting operators optimise their operations and maximize profits.The companys team of experienced professionals is dedicated to providing the highest level of service and support to its clients.Deep Knowledge Analytics30BetDEX is a decentralised spo
123、rts betting platform that operates on the Solana blockchain and the Monaco Protocol.Founded:2021Headquarters:Glasgow,Edinburgh and New YorkEmployees:11-50Delics platform provides users with a fair,smart,and efficient release management solution.The platform will allow music creators to take full own
124、ership of their catalogues,from stems to sync and remixes,in one fully integrated and scalable hub.With its progressive asset and rights management services,Delic provides a transparent and real-time accountability process for assets and funding.Delics vision is to optimize the management of music c
125、atalogues,making it an enlightening and efficient process.The company is poised for success,with Velocity EIS Technology Fund bringing significant experience in growing businesses and a strong understanding of the music sector.Delic is the new operating system for the music business,and with its sol
126、ution,it will become the new digital hub for the music industry.Delic is an asset and rights management platform for music business using digital and blockchain technologies.Founded:2013Headquarters:EdinburghEmployees:11-50Crypto Trading Sector Case StudyDeep Knowledge Analytics31As with most crypto
127、currency exchange platforms,CoinsBanks platform is their very own web-based trading platform thats compatible across all desktop computers and mobile devices.The platforms interface is very simple and easy to use which is enticing for beginner traders.The exchanges platform has a strong emphasis on
128、user experience which is evident through the intuitive design and feasibility.Traders can easily manage orders and monitor real-time exchange data.As well,the charting package offered by CoinsBank is very nice.Traders have access to sophisticated charts,complete with a number of technical indicators
129、 and charting and analysis tools.Also,traders can trade safer by setting stop losses and take profits orders.Coinsbank is a financial institution,as well as a secure online platform for buying,selling,transferring,and storing cryptocurrencies.Founded:2016Headquarters:EdinburghEmployees:11-50Cryptex
130、is a privacy-first crypto exchange that provides a secure and anonymous platform for buying and selling cryptocurrency.With Cryptex,users can easily convert their digital assets into cash in over 10 countries and 150 cities worldwide,making it an ideal solution for those seeking to trade in cryptocu
131、rrency without the hassle of traditional financial institutions.One of the core competencies of Cryptex is its fiat trading service.Customers can exchange between Perfect Money and Advcash,as well as currencies like US dollars,USDT,and BTC,all for free.Depositing money from Perfect Money or Advcash
132、is also free,with only minimal fees charged.Security is another priority for Cryptex.They offer various authentication methods that customers can combine according to their preferences.Cryptex Exchange is Privacy-First Crypto Trading Platform.Founded:2016Headquarters:EdinburghEmployees:11-50HR on Bl
133、ockchain Sector Case StudyDeep Knowledge Analytics32In July 2021,the company launched its Open Talent Marketplace that utilizes the power of Artificial Intelligence to help hiring companies create outcome-based SOW and then efficiently match them with a rapidly growing community of highly skilled te
134、ch freelancers to complete project work.The platforms technology enables companies to save time and money while ensuring that their projects are completed by the most qualified professionals.In addition to its Open Talent Marketplace,Gigged.AIs Internal Talent Marketplace provides a unique opportuni
135、ty for larger companies to achieve internal talent mobility by effectively matching internal talent to projects before hiring externally.This helps companies to maximize their internal resources and reduce external hiring costs.Gigged.AI is a Talent Platform that connects companies with expert tech
136、talent through our AI-driven internal and open talent marketplace software.Founded:2020Headquarters:GlasgowEmployees:11-50Bull Project is a company that strives to help other businesses recruit,hire,manage,and pay salaries to remote teams in cryptocurrencies.Their mission is to provide scalable busi
137、ness process outsourcing services for startups by building and managing remote teams from Latin America.It is possible by leveraging blockchain technologies and web3 interfaces to create a fully decentralized platform that allows companies to select candidates,onboard remote workers,and pay all thei
138、r collaborators with ease.By reducing management and operating costs for businesses,Bull Project aims to enable more companies to embrace the remote work model.They offer a single monthly invoice that makes it easier for businesses to manage their finances.Bull Project is a Web3 platform to recruit,
139、hire,manage and pay remote workers in a fully decentralised way.Founded:2020Headquarters:EdinburghEmployees:51-200Blockchain Application in Energy Case StudySources:;Local energy trading using blockchain is now live in the Orkney islands off the coast of Scotland.The project is led by UK entech comp
140、any,London-based Electron.Over 1,100 trades have taken place at the time of writing since the end of March,2020.Project TraDER supported by the UK Department for Business,Energy&Industrial Strategy(BEIS)aims to deliver a marketplace for multiple energy services in the renewable sector.Electrons core
141、 platform can be thought of as a decentralised micro-services architecture that enables many different parties to host data sets and stand-up markets and/or services across a shared set of functions and rules.The Platform can interact with many different types of connected asset as long as they are
142、controlled.Integration with these internet of things(IoT)systems only requires communication through our available APIs and enrollment on the blockchain-based asset registerIssues addressed by the platform include the development of digital solutions for island grids and the integration of local hea
143、ting networks,electric vehicles and the electricity grid into a single controllable system.TraDER builds on both these foundational developments as well as those by Electron in its earlier projects.Project TraDER is a 3 million project in partnership with EDF,Scottish and Southern Electricity Networ
144、ks,Kaluza(OVO Group)and others running from July 2019 to March 2021.API ConnectionEnergy Trading Platform Collaborative ApproachDecentralised architectureDeep Knowledge Analytics33Crypto Finance and DeFi Sector Case StudyDeep Knowledge Analytics34Byzantium is a marketing and fundraising provider wit
145、h first-hand expertise gained since the crypto industry inception,significant trust within the community,and profound understanding of both the crypto market and its actors.Byzantium an all-star team of blockchain practitioners,each with immense background in either business development,investment,m
146、arketing,PR or consulting.Byzantium is a community of people and businesses ideologically involved in the development of cryptocurrencies and blockchain,decentralisation of outdated institutes and business models,and mass adoption of the new technological wonder.Byzantium is an end-to-end fundraisin
147、g services provider.Founded:2017Headquarters:Edinburgh,ScotlandEmployees:1-10Decentralised finance,or DeFi,is a fast-growing sector of the blockchain industry that aims to provide financial services without intermediaries.DeFi applications use smart contracts to execute transactions,offer lending an
148、d borrowing platforms,enable trading and investing,and create new digital assets.There are many examples of DeFi projects that are using blockchain technology for social good,such as providing access to financial inclusion,education and healthcare.BWEB3 RAFIKI LTD was founded in 2022 by Natalie Kloc
149、.The company from Dunfermline,Scotland provides blockchain development services,such as smart contract development,DApps,and ICOs.Its mission is to spread awareness of tech solutions to friends in Africa and connect impact-driven marketers and SMEs.Blockchain in Scotland-Leaders Top Scottish Blockch
150、ain Companies,Investment and Academia Leaders:Profiling Scottish Blockchain Companies LeadersChief Product&Technology Officer&Co-Founder-BTP:LondonKevin is co-founder of Chill Code,a platform that allows designing and deploying software infrastructure asocial activity(GitHub for infrastructure).Prev
151、iously,Kevin worked at JPMorgan(Vice President).BTP provides blockchain solutions,streamlining deployment and management of DLT with one-click deployment.Notable clients include the Tel Aviv Stock Exchange.Co Founder&CEO-Zumo:LondonNick is a veteran of the tech start-up scene,having teamed up with f
152、ellow entrepreneur Paul Roach in 2018 to found Zumo,where he is currently CEO.Beginning his career at the height of the Dot Com boom in 2000 with the launch team of G(latterly Overture Service).Between 2012 and 2018 Nick was a full time Angel Investor and held multiple Chairman,Non Executive and Adv
153、isory roles in the Tech space.CEO-Wallet.Services:Edinburgh,LothianStuart has 30+years of computing experience in energy,banking,and scientific sectors,from embedded control to Internet,Information Security,and HPC engineering.Wallet.Services,a Scottish blockchain startup,offers business solutions.A
154、ccording to CEO Stuart Fraser,blockchain technology could transform supply chain management and financial services.Kevin ODonnellNick JonesStuart FraserDeep Knowledge Analytics36Scottish Blockchain Companies LeadersChairman and Cofounder-BetDEX Labs Inc:New York,United StatesNigel Eccles is an exper
155、ienced entrepreneur and co-founder of multiple successful companies,including FanDuel and Flick,with a focus on building innovative solutions in the sports,blockchain,and entertainment industries.CEO&Co-founder at BTP:Edinburgh,ScotlandDuncan Johnston-Watt is an experienced entrepreneur.BTP is his t
156、hird startup.Prior to this,he founded Cloudsoft Corporation and served as its CEO for nine years.Previously he was founder&CTO of Enigmatec Corporation which was sold to iWave which was acquired by EMC.Founder-Wallet.Services/SICCAR:Edinburgh,ScotlandPeter Ferry is an IT industry executive with 2 de
157、cades engineering,consulting,business development and channel management experience.Co-founder and CEO of SICCAR.Founder and CEO-TrackGenesis:Aberdeen,ScotlandRajesh Kumar Plamthottathil with over 14 years of experience in the IT industry as a Programmer,Senior Developer and Software Architect,is at
158、 the forefront of pioneering technology and excited to take on what lies ahead.Founder and Managing Director-Trade in Space:Glasgow,ScotlandFollowing a 15 year career working with cube-sats,including working as part of the team to build and launch Scotlands first satellite into orbit,Founder Robin S
159、ampson leads the team and drives strategy within the business.Nigel EcclesDuncan Johnston-WattPeter FerryRajesh Kumar PlamthottathilRobin SampsonDeep Knowledge Analytics37Scottish Blockchain Companies Leaders Co-Founder of Septillion:Dunfermline,United Kingdom Co-Founder&CEO-Bull Project:Edinburgh,U
160、nited Kingdom Founder of Maidsafe:Kilmarnock,United Kingdom Co-founder,-Delic,decagram.co:Edinburgh,United Kingdom Founder&Chief Strategy Officer-BR-DGE:Edinburgh,United Kingdom Co-founder,-Delic,decagram.co:Edinburgh,United Kingdom Founder&Chief Strategy Officer-BR-Chief Technology Officer-DGE:Edin
161、burgh,United KingdomCFO,-Delic,Greener Clarity:Edinburgh,United Kingdom Craig LaxDavid Irvine Brian CoburnKenny ScottDeep Knowledge Analytics38Franco Di Stefano Ed StackCraig ShortHanspeter RosenbergScottish Blockchain Companies Leaders CEO&Founder-Greener Clarity:ZurichDirector at Hypervine:United
162、KingdomChief Technology Officer-Monax Industries:LondonFounder and Transform Consultant at Cloud Experts Network:EdinburghFounder of Crypto Labs Scotland:Edinburgh,Scotland,United KingdomChief Executive Officer-Spiritus Development:EdinburghFounder-Provenance Labs:LondonCo-Founder,Chief Product Offi
163、cer-Zumo:EdinburghRebecca MeldrumSilas DavisJason SteedmanHarjyot SinghDeep Knowledge Analytics39Paul DuddyNeil McEvoyBob ClintPaul RoachScottish Blockchain Companies Leaders CEO-Brighter Consultancy Group Limited:HarrogateFounder,Chief Executive Officer,and Managing Director-Cigrek Capital:RigaCOO&
164、Co-Founder-Citizen Ticket:LondonCEO-Sekopay:United KingdomDirector-Scotcoin:United KingdomCo-Founder&CTO at Pace Ventures:St.Andrews,ScotlandDean ManningPhilip Shaw-StewartTemple MelvilleDeep Knowledge Analytics40Laura BarscevskaShahid ChaudhryDaniyal BilalScottish Blockchain Companies Leaders Chief
165、 Executive Officer and Developer-Frictionless-Network and COO-SEA:City of Cape TownHead of Technology-IndiGG:EdinburghFounder-Nova Finance:EdinburghCo-Founder at MX3 CS:EdinburghCEO-Mayside Partners:EdinburghChief Architect at Allianz Technology:Dollar,ScotlandMilan JandikThomas SichelBill WhiteDeep
166、 Knowledge Analytics41Evangelos PappasSimon MontfordBob CrozierTechstart Ventures(VC)-Partner:Belfast,United KingdomBlockchain Portfolio Companies:Net AI and Heysummit,Scottish-born Wallet.ServicesMark has spent over fifteen years in venture capital,with a particular focus on the early stages of hig
167、h growth technology companies.Techstart Ventures(VC)-Principal:London,United KingdomPatrick Watson is a principal at Anthemis Group,a company that focuses on digital financial services and fintech innovation.He has written several articles on Medium about blockchain technology and its impact on vari
168、ous sector.Founder and CEO Wintermute:LondonBlockchain Portfolio Companies:ZerionCEO Wintermute Trading Evgeny has a track record of consistently growing market share in Europes top cash exchanges,.He has publicly said blockchain technology is transforming finance and creating new opportunities.Non
169、Executive Director:Soirbheas Trading LimitedPartner:Par EquityNumber of Partner Investments:65Andrew is a Chartered Accountant and has a MA in Jurisprudence from Oxford University.His career prior to Par Equity took in corporate finance and restructuring as well as serving at PLC board level.Managin
170、g Director:Enterprise Digital ResourcesNumber of Partner Investments:UnknownDavid Fitzgerald is a blockchain expert who has worked on Solidity,Blockchain.David is an experienced executive and entrepreneur.He has held senior leadership positions in several tech companies,including CEO of Curvature an
171、d Managing Director of HP UK&Ireland.Scottish Blockchain Investment LeadersMark HogarthPatrick WatsonEvgeny GaevoyAndrew CastellDavid FitzgeraldDeep Knowledge Analytics42Scottish Blockchain-Academic Think Tanks Leaders Blockpass Identity LabEdinburgh NapierResident EntrepreneurEdinburgh Napier Block
172、chain Technology LabUniversity of EdinburghInput Output Blockchain Lab at Bayes Moshan Blockchain LabUniversity of GlasgowProfessor of Communication SystemsUniversity of GlasgowSecurity and Privacy research groupUniversity of EdinburghHead of ResearchMillicentProf.Bill BuchananProfessor Aggelos Kiay
173、iasProfessor Lei ZhangMarkulf KohlweissDeep Knowledge Analytics43Nanik RamchandiMotjaba TefaghProf.Muhammad ImranZakwan JarouchehBlockchain in Scotland-Investors Global Landscape Overview Overview of Investors in Scottish Blockchain-Centric CompaniesGlasgow4.6%Belfast 3.1%London 21.5%Henley-in-Arden
174、1.5%Edinburgh10.8%New YorkUSA15.4%San FranciscoUSA12.3%OthersWorldwide18.3%BelfastUK1.5%BerlinGermany1.5%SingaporeSingapore7.7%Cumulative Number of Established Companies The leading Blockchain investment in Londons financial sector is no surprise.London is a global financial HQ ready for a Blockchai
175、n transformation in the second quarter the 21st century,and at the same time the entrepreneurial Blockchain community is located close to the finance that is needed to grow it.The UK and in particular London are becoming a true innovation and investors epicentre for everything around Blockchain.Deep
176、 Knowledge Analytics45Overview of UK InvestorsThe leading Blockchain investment in Londons financial sector is no surprise.London is a global financial HQ ready for a Blockchain transformation in the second quarter the 21st century,and at the same time the entrepreneurial Blockchain community is loc
177、ated close to the finance that is needed to grow it.Furthermore,the UKs investments in Scottish blockchain companies have been steadily increasing over the years.Scotlands blockchain industry has attracted significant investment from British investors,including Anthemis Group,Velocity Capital Adviso
178、rs,Force Over Mass Capital,Techstart Ventures and Wintermute.These investors have chosen to support Scottish blockchain companies due to the countrys strong talent pool,supportive regulatory environment,and innovative approach to the industry.Source:gov.scot,Scottish EnterpriseDeep Knowledge Analyti
179、cs46 InvestorInvestor TypeCity Location Typical Funding RoundInvestments in Scottish Blockchain CompanyAnthemis GroupVenture CapitalLondonSeries AMonax,a contract management platform to notarise electronic signatures on the blockchain,was backed by Anthemis on a Seed Stage.Velocity Capital AdvisorsV
180、enture CapitalLondonPre Seed RoundDelic is the new operating system for the Music Business.Asset and rights management platform using digital and blockchain technologies.Force Over Mass CapitalVenture CapitalLondonSeries AFounded in 2018,and backed by Force Over Mass and Signature Ventures,BTP is a
181、digital provenance company,with a mission to make assets trustworthy.Techstart VenturesVenture CapitalBelfastEarly Stage Venture,SeedGigged.AI is a AI-driven talent platform for quickly recruiting tech talent.WintermuteHedge FundLondonAllZeta Markets develops decentralizes finance(DeFi)futures and o
182、ptions exchange built on Solana.Investor NameInvestor TypeCity Location Typical Funding RoundInvestments in Scottish Blockchain CompanyPar EquityVenture CapitalEdinburgh Early-StageWallet.Services and Gigged.AIScottish Investment BankInvestment BankGlasgowSeries AZumo is the trusted and sustainable
183、digital asset-as-a-service platform for institutions and individuals.Baillie GiffordInvestment BankEdinburghSeries CB is a platform that offers ways to buy,hold,and use cryptocurrency.Nile HQVenture CapitalEdinburghSeed RoundGigged.AI is a AI-driven talent platform for quickly recruiting tech talent
184、.Murray CapitalPrivate Investment OfficeEdinburghZumoOverview of Scottish-based InvestorsThe investment and financing market in Scotland currently provides financing across a range of investment products,from early stage and venture capital,to scale-up growth capital and senior,mezzanine and subordi
185、nated debt.The Scottish Loan Scheme can provide loan funding of 250,000 to 2 million for growth-focused Scottish companies.Additionally,Scotland has a robust angel investment community,with groups such as the Scottish Angel Network and the Edinburgh-based Archangels providing funding and support to
186、start-ups and early-stage companies.Angel investors usually invest less capital compared to venture capitalists,but they often provide valuable expertise and mentorship to help entrepreneurs grow their businesses.Scotland is also home to a number of public sector funding bodies,including Scottish En
187、terprise and Highlands and Islands Enterprise,which offer grants,loans,and equity investments to eligible businesses.Source:gov.scot,Scottish EnterpriseDeep Knowledge Analytics47 InvestorInvestor TypeCity Location Typical Funding RoundInvestments in Scottish Blockchain CompanyPar EquityVenture Capit
188、alEdinburgh Early-StageWallet.Services and Gigged.AIScottish Investment BankInvestment BankGlasgowSeries AZumo is the trusted and sustainable digital asset-as-a-service platform for institutions and individuals.Baillie GiffordInvestment BankEdinburghSeries CB is a platform that offers ways to buy,ho
189、ld,and use cryptocurrency.Nile HQVenture CapitalEdinburghSeed RoundGigged.AI is a AI-driven talent platform for quickly recruiting tech talent.Murray CapitalPrivate Investment OfficeEdinburghSeed RoundZumo is the trusted and sustainable digital asset-as-a-service platform for institutions and indivi
190、duals.InvestorInvestor TypeCity Location Typical Funding RoundInvestments in Scottish Blockchain CompanyLightspeed Venture PartnersVenture CapitalMenlo ParkSeries ABetDEX,an online sport betting platform provider,raised$21M in Seed funding from Paradigm and FTX Multicoin Capital and others in 2021EX
191、PERT DOJOAcceleratorSanta MonicaPre Seed RoundDelic is the new operating system for the Music Business.Asset and rights management platform using digital and blockchain technologies.EOS VC FundMicro VCNew YorkSeed RoundZumo is the trusted and sustainable digital asset-as-a-service platform for insti
192、tutions and individuals.Multicoin CapitalHedge FundHenley In ArdenSeed RoundBetDEX,an online sport betting platform provider,raised$21M in Seed funding from Paradigm and FTX Multicoin Capital and others in 2021Overview of USA InvestorsThe Scottish business ecosystem presents attractive investment op
193、portunities for several American venture capital firms,including Lightspeed Venture Partners,Shima Capital,EXPERT DOJO,EOS VC Fund,and Multicoin Capital.With a focus on different sectors ranging from technology,healthcare,and consumer goods to blockchain and cryptocurrency,these firms have already m
194、ade investments in Scottish companies and continue to seek out promising investment opportunities in Scotland.The Scottish government has also partnered with some of these firms to support the growth of Scottish startups,further indicating the potential for a thriving ecosystem.With a strong presenc
195、e in Scotland and a track record of successful investments in the country,these venture capital firms are well-positioned to capitalise on the promising growth prospects of the Scottish business landscape.Deep Knowledge Analytics48Investor NameInvestor TypeCity Location NInvestments in Scottish Bloc
196、kchain CompanyPartechVenture CapitalParisGroMonaxSignature VenturestinBerlintinFounded in 2018,and backed by Force Over Mass and Signature Ventures,BTP is a digital provenance company,with a mission to make assets trustworthy.WayratinMadridtin Ocyan aims to solve the financial exclusion of European
197、Expats by offering a way to get their first mobile,insurance,banking and credit.BnkToTheFuturetinHong KongtinMaidSafeAmber GroupSingaporetinZeta MarketsOverview of Other InvestorsDeep Knowledge Analytics InvestorInvestor TypeCity Location Typical Funding RoundInvestments in Scottish Blockchain Compa
198、nyPartechVenture CapitalParisSeed RoundMonax,a contract management platform to notarise electronic signatures on the blockchain,was backed by Anthemis on a Seed Stage.Signature VenturesVenture CapitalBerlinEarly-StageFounded in 2018,and backed by Force Over Mass and Signature Ventures,BTP is a digit
199、al provenance company,with a mission to make assets trustworthy.WayraVenture CapitalMadridPre Seed Round Ocyan aims to solve the financial exclusion of European Expats by offering a way to get their first mobile,insurance,banking and credit.BnkToTheFutureMicro VCHong KongEarly-StageMaidSafe provides
200、 developers with a distributed platform that enables them to engineer fast and very secure applications.Amber GroupVenture CapitalSingaporeSeed RoundZeta Markets decentralizes finance(DeFi)futures and options exchange built on Solana.Scotlands blockchain landscape has drawn the interest of a number
201、of European and Asian venture capital firms,namely Partech,Signature Ventures,Wayra,BnkToTheFuture,and Amber Group.These firms have a relatively narrow range of focus areas such as technology,blockchain,DeFi and crypto.Scotlands economy is becoming more attractive to investors,and with the support o
202、f these venture capital firms,Scottish businesses can access the resources they need to grow and succeed.Each of the venture capital firms invested in a blockchain or crypto company whose mission and focus areas align with their investment criteria.With the backing of these venture capital firms,Sco
203、ttish start-ups can access the resources and support they need to thrive in a highly competitive marketplace.The future looks bright for Scotlands blockchain and technology sectors,and with the right investment,the country could emerge as a leading player in these exciting new markets.Overview of Ma
204、jor Funding Deals in 2021-2023Deep Knowledge Analytics50CompanySectorMoney Raised,million USDPre-Money Valuation,million USDFunding TypeAnnounced DateLead InvestorsNumber of InvestorsGigged.AIHuman Resources$1.953MSeed2023Nile HQ,Par Equity,Techstart Ventures3DelicMedia&Entertainment$0.050M$1MPre-Se
205、ed2022EXPERT DOJO1Gigged.AIHuman Resources$0.133MGrant2022Par Equity,Nile HQ1BetDEXMedia&Entertainment$21.000MSeed2021FTX,Paradigm10BTPCrypto Finance&DeFi$2.766MSeed2021Force Over Mass Capital2Gigged.AIHuman Resources$0.808MPre-Seed2021Techstart Ventures1Economic Opportunities for Blockchain in Scot
206、landBenefits Overview Economic Opportunities for Blockchain across Scottish Industries Deep Knowledge Analytics52Main Economic Opportunities AgricultureSpaceTech Finance Energy and UtilitiesManufacturingFast-Moving Consumer Goods for Blockchain in ScotlandHealthCare and LongevityEducationScotland ha
207、s several unique advantages that make it an ideal location for businesses working with blockchain technology.Scotland has a supportive regulatory environment and numerous research universities,as well as a vibrant technology ecosystem that encourages innovation.Additionally,Scotland has a strong fin
208、ancial sector,making it an attractive home for new finance businesses.Scotlands Finance Sector at a Glance In 2021 the Scottish Finance sector contributed 173.6bn to the UK economy,8.3%of total economic output.Finance is the biggest sectoral contributor to Scotlands economy representing 13.6bn or 9.
209、2%of GVA(Gross Value Added)and accounting for 160,000 jobs(9%of national employment).Scotlands Finance Sector at a GlanceScotland is a leader in FinTech,with Edinburgh known as one of Europes leading FinTech hubsScotland has a strong academic base in finance-related topics and a pool of finance and
210、technology talentThe growing Fintech sector is estimated to generate 598m GVA for Scotland FinTech Roadmap91%of banks have invested in Blockchain for financial serviceSource:The House of Commons Library,Financial Services in Scotland,IBM Deep Knowledge Analytics53Economic Opportunities for Blockchai
211、n in Scotland-FinancePayment processing&Money transferCost-effective and secure payment processing and money transfers for Scottish businesses.Blockchain for credit scoringEfficient credit history tracking and more accurate credit scores for financial institutions in Scotland.Blockchain for sustaina
212、ble financeSmart contracts and automated compliance for a sustainable and responsible approach to finance in Scotland.Blockchain for global paymentsAn international bridge for financial institutions in Scotland to strengthen their position in global payments.Blockchain for cybersecurityProtection ag
213、ainst cyber attacks with strong cryptography and decentralisation.Blockchain for digital identity verificationStreamlined,secure and accessible digital identity verification for customers across different financial institutions in Scotland.Blockchain for peer-to-peer paymentsA cost-effective and sec
214、ure solution for peer-to-peer payments without intermediaries or high fees.Blockchain for insurance claimsFaster,easier and more secure insurance claims processing for financial institutions in Scotland.Blockchain for tradingGreater efficiency and transparency for trading systems in Scotlands financ
215、e sector,with reduced counterparty risk and simplified settlements.Blockchain for loyalty reward programsMore secure and cost-effective loyalty rewards programs for financial institutions in Scotland.Blockchain for regulatory compliance&auditsA single source of truth for compliance with regulations
216、and efficient audits.Blockchain for automated loansAutomation and transparency for loan decisions,creating a secure and transparent lending platform.Source:Scottish Development International,insider.co.uk,Royal Bank of Scotland,FinTech Scotland,University Of DundeeDeep Knowledge Analytics54Economic
217、Opportunities for Blockchain Application in FinanceEdinburgh-based Nova Finance describes itself as a“non-custodial programmable asset protocol”built for decentralised finance(DeFi).The platform allows users to develop investment portfolios while automating traditionally complex investor and yield s
218、trategies,thus improving accessibility for every day crypto investors.Co-founded by Adam Greenberg and Tom Sichel,the duo behind SageCity,Nova Finance secured$3 million in funding in 2021.Founded:2021Headquarters:EdinburghEmployees:11-50Founded:2017Headquarters:EdinburghEmployees:11-50Nova Finance i
219、s a non-custodial asset management protocol that offers the creation and automation of crypto,stablecoins,tokens,and NFTs.Zumo is a Enterprise-ready digital asset infrastructure.They help successfully embed regulated crypto solutions built for scale,security,and compliance.“Most projects in the spac
220、e are aimed at the 2-3%of people whove already got cryptocurrency,but there arent that many aimed at bringing in a wider audience.From the start we designed Zumo to be easy-to-use without sacrificing security.Our app allows anyone to easily buy,sell,and store cryptocurrency using only their smartpho
221、ne and an internet connection.We have no hidden fees,and dont charge users for adding or removing their funds,only a 0.5%fee when they convert between currencies.Nick Jones,CEO and co-founder,said:Deep Knowledge Analytics55Case Study:Blockchain Application in Scottish FinanceBlockchain Back-endLicen
222、sed OrganisationsRegTechLegalTechEcosystemCrypto BankCrypto ExchangeFinTech SolutionsDigital AssetsA crypto-economy offers economic relations that are not directly mediated by the state,opening possibilities for a financial organisation that does not comply with the states conception of economic ord
223、er.In the absence of state control,the crypto economy needs to focus on its internal modes of governance.The real potential is in cryptocurrencies as units of account:modes of measuring economic activity conceived differently from those intrinsic to fiat money.Fiat money has become tied to conventio
224、nal framings of profit and loss,income and expenditure,and a market-centered calculus.Non-fiat funds have the potential for developing new ways to calculate economic activity,ways that represent different social and economic values,and measure performance by criteria other than profit.Deep Knowledge
225、 Analytics56Crypto EconomyEconomic Opportunities for Blockchain in Scotland-AgricultureWeather:Scottish agriculture faces unique weather conditions that can disrupt harvests and production.Blockchain technology can be used to provide a secure and transparent tracking system,allowing manufacturers to
226、 track products from raw material to finished goods,ensuring that all components are authentic and have been produced to the highest standards.Since 2019 farmers in Scotland have used blockchain to assure gluten-free oats.Six farmers in north-east Scotland are working with SAC Consulting and a data
227、company to develop distributed ledger,or blockchain,technology that will allow shoppers to trace their oats right back along the supply chain and be completely sure they are gluten-free.Food traceability:Scottish farmers must comply with Scottish regulations and standards when it comes to food trace
228、ability.Blockchain-based traceability systems can help farmers ensure compliance and provide consumers with greater transparency into the origins of the food they are buying.Access to capital:Small-scale farmers in Scotland often lack access to the capital needed to invest in sustainable farming pra
229、ctices or scale up production.Blockchain-based crowdfunding and micro-financing initiatives can help farmers access capital and build a more resilient agricultural sector.Farm-to-table supply chain:Scottish farmers need to create more efficient supply chains in order to get their products to market
230、more quickly and efficiently.Blockchain can help facilitate the seamless exchange of data between farmers,distributors,and retailers,allowing for more efficient and secure transactions.Deep Knowledge Analytics57Economic Opportunities for Blockchain Application in AgricultureRapid industry growthTrac
231、eabilityEfficiency growthDecentralisationMarket AccessSecurityParameters of Blockchain Use in AgricultureGlobal blockchain in agriculture market is expected to grow at a CAGR of 47.8%from 2020 to 2030Blockchain can reduce transaction times by up to 80%,leading to significant improvements in efficien
232、cy and cost savingsFAO notes that blockchain can provide a tamper-proof record of the entire supply chain,from farm to fork,improving traceability and food safetyA survey by Deloitte found that 70%of respondents believe that blockchain can provide a more secure and decentralised system for managing
233、agricultural dataStudy by Accenture found that blockchain can help reduce the risk of food fraud by up to 85%.Blockchain can help improve market access for smallholder farmers by providing a more transparent and efficient system for buying and selling agricultural productsThe use of blockchain in ag
234、riculture can have a significant economic impact on the industry by providing transparency,efficiency,traceability,decentralisation,cost savings,sustainability,security,and improved market access.Blockchain can help reduce transaction times,increase profitability,and improve the overall efficiency o
235、f the supply chain,making it easier for farmers and other stakeholders to participate in the market.Deep Knowledge Analytics58Source:ReportLinkerCase Study:Blockchain Application in Agriculture in ScotlandSix Aberdeenshire farmers are part of a project to develop a supply chain that can guarantee pr
236、ovenance,assurance and traceability of gluten-free oats.Although oats are naturally gluten free there is a risk storage and milling facilities may be contaminated with gluten from other cereal grains.Distributed ledger technology(DLT)is being used in the project,which is being helped by a group fund
237、ed by the Rural Innovation Support Service(RISS).Information within the audit trail gives full traceability and assurance,which ensures complete trust in the supply chain,as well as earning farmers associated crop premiumsA team mapped the oat growing and post-harvest storage process and used existi
238、ng data and farm documentation,including field records,storage documentation and photographs taken from the farms to create whats known as the ledgerOn the back of the RISS group findings,two farmers have invested in an oat processing mill in Savock that will process the farmers combined annual prod
239、uction.All farmers records,from shed-cleaning to crop-spraying and harvesting are digitised and can be interrogated by anyone with access to the system.Source:www.bakeryinfo.co.uk Blockchain Use in Oat GrowingDeep Knowledge Analytics59Economic Opportunities for Blockchain in Scotland-ManufacturingSu
240、pply chain tracking and transparency:Blockchain technology can be used to provide a secure and transparent tracking system,allowing manufacturers to track products from raw material to finished goods,ensuring that all components are authentic and have been produced to the highest standards.Scotlands
241、 manufacturing industry is particularly vulnerable to supply chain issues,making anti-counterfeiting measures,streamlining processes and improving digital identity management particularly important.The Scottish manufacturing industry is also experiencing rapid changes due to globalisation,with compe
242、tition from low-cost countries,as well as technological advances that are disrupting traditional ways of working.These developments create a need for manufacturers to become more agile and efficient,and blockchain technology can help to address these challenges by providing trustless and secure solu
243、tions.Anti-Counterfeiting:Blockchain technology can be used to detect and prevent counterfeit goods entering the supply chain.Through the use of digital certificates,manufacturers can ensure that their products are authentic and traceable.Streamlining processes:Blockchain technology can be used to s
244、treamline processes and reduce administrative costs.By providing a secure,transparent and trustless environment,manufacturers can move away from manual processes and reduce the need for staff to manually record and process data.Digital identity management:Blockchain technology can be used to securel
245、y store digital identities of customers,suppliers and other stakeholders.This can help manufacturers build trust with customers,increase efficiency and reduce costs associated with traditional identity management systems.Deep Knowledge Analytics60Case Study:Blockchain Application in Manufacturing in
246、 ScotlandCirculor is a London-based global tech company and a leader in supply chain traceability.They offer supply chain traceability solutions that track emissions across the supply chain,enabling manufacturers to prove the source of raw materials,and are committed to helping extractive industries
247、 to overcome environmental and ethical concerns related to their products.Circulor is working with Vulcan Energy to ensure a fully traceable production of zero-carbon lithium in 2024.The collaboration will allow Vulcan to develop the worlds first fully traceable,transparent and zero-carbon lithium p
248、roduct extracted and consumed in Europe.In 2019,Circulor established a full chain of custody tracking for cobalt used in Volvo Cars electric vehicles.This award-winning work has continued apace.Multiple battery materials are now tracked across numerous supply chain legs,along with attributable ESG m
249、etrics.In a world first in 2021 Circulor partnered with Jaguar Land Rover to trial the use of traceability technology in the leather supply chain and have garnered a large degree of interest since.Source:PWC,Company dataDeep Knowledge Analytics6124%of industrial manufacturing CEOs are planning,pilot
250、ing or implementing blockchain technology62%of PwC survey respondents have a blockchain project underway45%of respondents cited lack of trust as a hurdle to blockchain adoption12%said industrial manufacturing is a leader in the space,trailing only financial servicesCase Study:Blockchain Application
251、in Manufacturing in ScotlandDeep Knowledge Analytics62Wallet.ServicesThis Scottish blockchain company provides supply chain management solutions using blockchain technology to improve supply chain transparency and reduce fraud.While they are not specifically focused on manufacturing,their solutions
252、could be applicable to the manufacturing industry.Currently there are no Scottish blockchain companies that exclusively focus on the manufacturing sector.However,several Scottish blockchain companies are engaged in supply chain management and have the potential to provide solutions applicable to the
253、 manufacturing industry.These companies include:BlockverifyThis company provides a blockchain-based anti-counterfeit solution for supply chains that could be useful for manufacturers.By using blockchain technology to track and verify the authenticity of goods,Blockverify helps to reduce counterfeiti
254、ng and improve supply chain transparency.Bellrock TechnologyThis blockchain company that offers supply chain management solutions to enhance transparency and reduce fraud in various industries,including manufacturing.Their Lumen solution leverages blockchain technology to optimize supply chains and
255、improve efficiency for their clients.Economic Opportunities for Blockchain in Scotland-SpaceTechScotland has been actively exploring the potential economic opportunities offered by blockchain technology and SpaceTech.The combination of blockchain and SpaceTech can create several promising avenues fo
256、r economic growth and innovation.Tracking the Satellite Supply Chain:Blockchain can be established as a tracking system to ensure and verify data during each phase of satellite procurement,design,testing,and launch.Blockchain can also be used to monitor a satellites motion,share space data with all
257、stakeholders,and enforce rules of any updates made to the satellite system.Enhancing the Satellite Value Chain:As a smart contract,Blockchain can be used to create transparency,trust,and efficiency in the satellite value chain.For example,intelligent contract-based applications can be developed to l
258、aunch and operate satellites,access transparent information for insurance purposes,and monitor space operations.Enabling Cloud Services in Space:Leveraging both blockchain and AI can enable cloud transformation and processing in space.Blockchain over satellites removes the dependence on terrestrial
259、networks for storage,broadcasting,or processing space data,thereby eliminating significant data breaches or distortion vulnerabilities.Designing Open-Source Satellites:Large space companies have begun to develop blockchain-based open-source satellite networks to provide many services to end-users on
260、 the ground and enable them to access satellite services directly.Deep Knowledge Analytics63Economic Opportunities for Blockchain in Scotland-SpaceTechDeep Knowledge Analytics64Space companies in Scotland:The intersection of Blockchain and SpaceTech in Scotland presents several economic opportunitie
261、s,including:With Scotlands strong presence in the space industry and growing expertise in blockchain,the combination of these two technologies can create a niche for secure space communication services,attracting more companies to invest in Scotlands space industry.Satellite Communication&Data Secur
262、itySpace Resource UtilizationSpace TourismBlockchain technology can be used to create a secure and transparent marketplace for space resources,such as minerals and rare metals.Scotlands rich reserves of cobalt,gold,and other minerals,coupled with its strategic location for space launches,can help po
263、sition Scotland as a leader in space resource utilization.The combination of blockchain and SpaceTech can create a secure and transparent marketplace for space tourism services.Scotlands unique geography,with its mountainous terrain and proximity to the North Sea,makes it an ideal location for space
264、 tourism launches and experiences.Satellite Imagery&Remote SensingBlockchain can be used to secure satellite imagery and remote sensing data,which can be used for environmental monitoring,resource management,and other applications.Scotlands growing expertise in geospatial data analysis and its stron
265、g research and development ecosystem can attract more companies and investments to Scotlands SpaceTech.Source:Scottish Development InternationalEconomi and Longevity Opportunities for Blockchains-HealthcareThe Longevity Industry includes entities related to scientific research into aging and its dis
266、eases(i.e.,geroscience research)but also to a set of synergies between different intersecting sectors,such as P4(personalised,precision,preventive,participatory)Medicine,with the combined potential to extend healthy life span.While the majority of practical outcomes in healthy Longevity will be driv
267、en by precision health technologies,they will also require an assembly of other Low-and DeepTech components,for example,Blockchain Healthcare Management Solutions and Platforms,as well as Blockchain Economy projects such as DAOs,NFTs,etc.“Blockchain in Longevity Industry”Report produced by Deep Know
268、ledge Groups leading subsidiary Aging Analytics Agencyhttps:/ Deep Knowledge Analytics65Secure data storage and sharing:Another main direction for leveraging blockchain in the healthcare industry is to focus on secure data storage and sharing.This includes creating a tamper-proof platform for electr
269、onic health records,ensuring data integrity and patient privacy.With this approach,patients can have better control over their own medical records and decide who can access their data.This would also enable seamless and secure sharing of medical records between healthcare providers,patients,and othe
270、r authorized parties,promoting better collaboration and care coordination.Supply chain management and traceability:One main direction for leveraging blockchain in the healthcare industry is to use blockchain for supply chain management and traceability in HealthCare.This would involve tracking medic
271、al supplies,equipment,and drugs throughout the entire supply chain to ensure transparency,traceability,and reduced counterfeit products.Economic Opportunities for Blockchain in Scotland-FMCGThe FMCG industry,also known as the fast-moving consumer goods industry,is a critical part of the Scottish eco
272、nomy,generating significant employment and contributing to Scotlands GDP.Blockchain technology has the potential to address many of these challenges,offering a range of benefits to FMCG companies operating in Scotland.In this slide,we will explore the economic opportunities that blockchain can provi
273、de to the FMCG industry in Scotland.Deep Knowledge Analytics66Efficiency and Cost Savings:By automating processes and eliminating intermediaries,blockchain technology can help reduce the costs of transactions and improve the efficiency of supply chain management.Supply Chain Transparency:Blockchain
274、technology can provide end-to-end traceability,ensuring transparency and accountability in the supply chain process,which can increase consumer trust and reduce the risk of counterfeit products.Data Analytics:With the help of blockchain technology,companies in the FMCG industry can gain valuable ins
275、ights into consumer behavior and preferences,allowing them to make informed decisions and develop more targeted marketing strategies.Improved Customer Experience:The ability to track and verify the origin and authenticity of products using blockchain technology can enhance the overall customer exper
276、ience,leading to increased brand loyalty and customer satisfaction.Economic Opportunities for Blockchain in Scotland-EducationEdinburgh University has been developing a number of systematic procedures for exploring the potential benefits of blockchain in education Increased Efficiency:Blockchain tec
277、hnology can increase efficiency in record keeping,allowing institutions to reduce administrative costs and redirect resources towards other educational activities.This could create economic opportunities by enabling institutions to offer more programs and services.Access to Education:Blockchain tech
278、nology can provide access to educational resources and courses for people in remote areas of Scotland by creating a decentralised platform for educational content.This platform could be used to store educational materials,such as textbooks,lecture notes,and videos,and to facilitate peer-to-peer lear
279、ning.Enhanced Security:Blockchain technology can assist educational institutions in protecting sensitive student data from being compromised by cybercriminals by offering a decentralised and secure data storage solution.This could open up opportunities in the business world by lowering the risk of d
280、amaging data breaches and reputations that are both expensive.Expanded Credentialing:Blockchain technology can facilitate the verification and sharing of academic credentials,enabling students to more easily demonstrate their qualifications to employers.This could create economic opportunities by he
281、lping students secure better jobs and enabling employers to better identify qualified candidates.Deep Knowledge Analytics67Case Study:Blockchain Application in Education in ScotlandQualiChain project,aiming at supporting lifelong learning through the combined use of Smart Badges and personalised rec
282、ommendations.QualiChain uses Blockchain technology to decentralise lifelong learning and provide lifelong learners with transparent and immutable educational accreditation.At the same time,lifelong learners are provided with personalised recommendations that help them reach their personal and profes
283、sional learning goals.Lifelong Learning HR consultancy and Competency Management Services Smart Curriculum Design Public Sector Staffing1.Validation and recognition:The platform enables the validation and recognition of qualifications and learning achievements across different educational institutio
284、ns,sectors,and countries.It provides a common language and framework for assessing and comparing educational qualifications and achievements.2.Transferability:QualiChain facilitates the transferability of learning achievements and qualifications across different educational and employment contexts.I
285、t enables users to showcase their skills and competencies to potential employers and educational institutions.3.Privacy and security:The platform ensures the privacy and security of users data by using advanced cryptographic techniques and decentralised storage.Users have full control over their dat
286、a and can decide who has access to it.4.Interoperability:QualiChain aims to promote interoperability between different educational systems and institutions.It provides a standardised way of exchanging and verifying educational qualifications and achievements,making it easier for users to move betwee
287、n different educational and employment contexts.Source:eLmL 2020:The Twelfth International Conference on Mobile,Hybrid,and Online LearningDeep Knowledge Analytics68Deep Knowledge Analytics69The Blockchain Technology Laboratory at the University of Edinburgh was established in 2016 through a collabor
288、ation between the university and IOHK,a research and development technology company.The lab conducts open-access research of applications of blockchain technologies and decentralised systems within finance and society in collaboration with industry and government partners.Led by Professor Aggelos Ki
289、ayias,the lab is also building a pioneering new research lab to protect personal data from online scammers and hackers with blockchain,as part of a 600,000 collaboration between the University of Edinburgh and Hong Kong-based Blockpass.The Moshan Blockchain Lab,a 1.3M research partnership between th
290、e University of Glasgows James Watt School of Engineering and Chinese tech company Victory Bench(VB)Hyperledger,has been launched to improve blockchain scalability,suitability for high-volume applications,and environmental-friendliness.The plan is to develop new algorithms for accessing,verifying an
291、d amending blockchain records,and simplify blockchain processes on mobile devices.The Moshan Blockchain Lab researchers aim to achieve major breakthroughs in the basic theory of blockchain by integrating the advantages and characteristics of related disciplines,including mathematics,computing,commun
292、ications,and finance.Source:The Blockchain Technology Laboratory,UofGBlockchain Research in Scotland:Scotland has 4 Established Blockchain LabsDeep Knowledge Analytics70Blockchain Research in Scotland:Scotland has 4 Established Blockchain LabsBlockpass Lab is a research collaboration between Edinbur
293、gh Napier University and Blockpass,a Hong Kong-based blockchain company.Its primary objective is to develop cutting-edge research and innovation related to citizen-focused systems that uphold the fundamental right to privacy using blockchain.It develops alternatives to centralizing the storage of pe
294、rsonal user data and allows users to retain control of their identity.The creation of the Blockpass Identity Lab provides a space for further research and innovation,leading to newer and more advanced grounds in blockchain and cryptography discussions.The lab aims to contribute to the building of a
295、new world,based on blockchain technology.Input Output Global(IOG)has funded a new research hub at the University of Edinburgh,called the Input Output Research Hub,which aims to accelerate the development of blockchain technology in the UK.The hub will serve as a place for university students and res
296、earchers to propose new projects for blockchain and distributed ledger technology,which will be reviewed by a steering committee featuring both IOG and university representatives,and funding will be allocated.IOG has previously established a blockchain technology lab within the universitys School of
297、 Informatics and its funding of the research hub builds on its existing relationship with the university.Source:Blockpass Identity Lab,University of EdinburghBlockchain in Scotland Landscape Hubs-Non-Profits,Networking and Incubators,GovTech Founded date:2014Headquarters:Edinburgh,UKCodeBase is a te
298、chnology incubator and coworking space with locations across the UK.1.CodeBase mentors startups and entrepreneurs at all stages.CodeBase helps startups succeed with hubs in Aberdeen,Edinburgh,and Stirling and partnerships with other UK cities.2.CodeBase supports startups and educates aspiring entrep
299、reneurs.These programs teach business skills and knowledge for different stages of growth.3.CodeBase values community and inclusivity.Their code of conduct encourages members to be outward-looking,promote diversity,and think globally.4.CodeBase offers funding,mentorship,coaching,networking,and offic
300、e space to help businesses grow.A team handles CodeBases finance,HR,IT,legal,health and safety,and office needs.5.CodeBase promotes tech innovation and growth.As one of the UKs largest technology incubators and one of Europes fastest-growing,they help startups connect,collaborate,and find the needed
301、 resources.Blockchain Non-Profits IncubatorFounded date:2013Headquarters:Glasgow,UKType:Non-ProfitScotcoin is a digital currency managed by the Scotcoin Project CIC,designed to facilitate blockchain transactions within Scotland.The project has also developed a decentralised education platform that p
302、rovides courses on cryptocurrency and blockchain technology.Scotcoin is used as a means of payment within the platform,which offers secure and transparent education and training accessible from anywhere in the world.This type of platform is increasingly popular as more people seek new skills and kno
303、wledge in emerging technologies.Founded date:2018Headquarters:Glasgow,UKType:Non-ProfitWomens Coin is a digital currency that supports womens equality by providing micro-finance and credit to help women set up small businesses.The Womens Coin security token ensures secure and transparent transaction
304、s.The platform is curated in Scotland with the support of FinTech Scotland,Scottish Enterprise,Zortrex Ltd,and Napier University.Womens Coin partners with stakeholders and Glasgow Caledonian University to provide micro-credit business loans for women.Deep Knowledge Analytics72Scottish GovTech Initia
305、tivesDeep Knowledge Analytics73Scotland has been promoting technology and innovation initiatives to strengthen its digital economy and drive growth.The Scottish Government has been investing in various initiatives and programs to create a thriving tech ecosystem.The top key GovTech initiatives in Sc
306、otland:CivTech is a Scottish Government-funded program that aims to drive innovation and economic growth by bridging the gap between public sector organisations and technology startups.It provides a safe and cost-effective environment for organisations to co-produce solutions to public sector challe
307、nges,with the potential for successful solutions to be scaled up and implemented across Scotland.The program received 10m in funding for 2023 to bring innovation into the public sector.The Scottish Government launched a new Digital Strategy in March 2021,which aims to create a robust digital economy
308、,digital Government,and digital services in Scotland.The strategy is based on embracing the opportunities of technology and data to ensure Scotland is recognised as a digital nation globally.The Scottish Governments Tech Ecosystem Fund provides funding for events,meetups,and other projects that supp
309、ort Scotlands tech ecosystem.The fund has made awards for delivering various initiatives,such as Glasgow Tech Fest,which aims to bring together the Scottish tech community.Scotland has a long tradition of innovation,and the Scottish Government is committed to supporting businesses in the country to
310、drive innovation.The Governments innovation policy aims to support businesses to create new products,services,and processes to boost economic growth.NatureScot,the public body that advises the Scottish Government on the natural environment,recently secured up to 1.25m funding to work with digital in
311、novation companies to improve planning around Scotlands most valuable natural sites.Innovations and Potential of Blockchain in ScotlandDeep Knowledge Analytics74Blockchain technology has been gaining traction in Scotland,with the government and businesses exploring its potential in various sectors.T
312、he latest data suggests that Blockchain could bring significant benefits to Scotland,from improving public services to boosting the economy and creating new opportunities for innovation and entrepreneurship.Blockchain technology could facilitate the creation of more efficient and transparent public
313、services,such as voting systems,land registry,and identity management.This could increase citizen trust in the government and reduce instances of fraud and corruption.Scotland has already started exploring the potential of Blockchain in different sectors,such as healthcare or finance.For example,the
314、 Scottish Government has partnered with the University of Edinburgh and other organizations to establish a Blockchain R&D centers to investigate the application of Blockchain in various fields.The country has a rich history of innovation,and its growing interest in Blockchain technology is no except
315、ion.The technology has the potential to bring significant benefits to Scotlands economy,such as reducing fraud,improving supply chain management,and increasing transparency in public sector operations.Blockchain technology could also boost Scotlands economy by attracting more investments and creatin
316、g new job opportunities.According to a report by Big Four accounting firm PwC,Blockchain could add up to 3.7 billion to Scotlands GDP by 2025.In summary,the state of Blockchain in Scotland looks promising,with ongoing research,pilot projects,and startup activity.As the technology continues to mature
317、 and evolve,it could play a crucial role in shaping Scotlands future,delivering more efficient and transparent public services,and fostering economic growth and social prosperity.Scotland has already seen the emergence of several Blockchain-based startups,such as Wallet.Services and Hypervine,which
318、have received funding and support from local and international investors.Source:PwC:The trillion-dollar reasons to rethink blockchainBlockchain Networking Initiatives in ScotlandDeep Knowledge Analytics75The Fintech Blockchain Collective(FBC)has been set up by Fintech Scotland in partnership with Sc
319、ottish Enterprise to bring together a network of Fintechs,Financial service companies,Blockchain SMEs and academics to develop opportunities for Scotlands finance sector using blockchain technology.The purpose of the group is to develop and action initiatives which leverage and adopt Scotlands disti
320、nctive distributed ledger technology innovation capabilities and expertise in line with the ambitions set out in the Fintech Scotland Research and Innovation 10 year Roadmap.The Scottish Blockchain Meetup is an event where blockchain enthusiasts gather to share their knowledge,experiences,and ideas
321、about the emerging technology.The meetup is organized by a group of passionate individuals who are committed to promoting the adoption of blockchain in Scotland.Meet up group chaired and ran by Maciej Zurawski with over 2k members.The group holds a monthly meet up at Codebase in Edinburgh and invite
322、s a range of speakers to discuss Blockchain in Scotland.With regular meetings and guest speakers from the industry,the Scottish Blockchain Meetup is a must-attend event for anyone interested in blockchain and its applications.Crypto Lab Scotland has been set up by Jason Steedman from Steedman&Co Acc
323、ountants.The group aim to promote the benefits and opportunities available to SMEs,corporations,individuals and organisations associated with the Web3 and crypto assets industry in Scotland.Promoting knowledge sharing and best practice across the sector.Through a range of seminars,online content and
324、 working groups,we aim to discuss key topics such as policy,regulation,technical challenges,tax,data,security and general culture,enabling guests to enhance their knowledge,activity and network in the sector.Blockchain in Scotland Landscape Summary Obstacles on Blockchain Solutions Adoption in Scotl
325、andDeep Knowledge Analytics77Lack of Technical ExpertisePublic PerceptionInteropera-bilityRegulatory UncertaintyBlockchain technology operates in a regulatory grey area,which can make it difficult for businesses and organizations to navigate the legal landscape.Uncertainty around regulations and com
326、pliance can create a risk-averse environment,where companies are hesitant to invest in blockchain solutions.Blockchain is often associated with cryptocurrency,which can create negative perceptions due to the association with illicit activities.This perception can create a barrier to adoption,as busi
327、nesses may be hesitant to associate themselves with blockchain technology.Blockchain is a complex and emerging technology,and there is currently a shortage of skilled professionals who can develop,implement and maintain blockchain solutions.This makes it difficult for organizations to integrate bloc
328、kchain into their operations,and there is a risk that poorly implemented blockchain solutions could lead to security vulnerabilities or other issues.Blockchain solutions are typically developed in isolation,which can create issues when trying to integrate them with existing systems or other blockcha
329、in solutions.Interoperability standards need to be developed and implemented to ensure seamless integration and compatibility across different blockchain solutions.Key TakeawaysScotlands blockchain ecosystem is vibrant and growing,with numerous startups,academic institutions,and public-private partn
330、erships engaged in blockchain research and development,starting ventures and scaling them up.The Blockchain in Scotland Ecosystem Framework comprises various sectors leveraging blockchain technology for innovative solutions.Key sectors include Blockchain-as-a-Service(BaaS),providing third-party bloc
331、kchain services,and blockchain consultancies offering strategic advice for companies.Additionally,the framework supports the growth of blockchain-based education platforms.The goal is to foster collaboration and development within these sectors to strengthen the Scottish blockchain industry.The Bloc
332、kchain technology has the potential to significantly boost Scotlands economic growth and create personal value across various sectors.Blockchain technology can contribute 4.48 billion to Scotlands GDP by 2030*through information openness,economic savings,and usage.The widespread adoption of blockcha
333、in will lead to improvements in supply chain activities,healthcare systems,and financial transactions,ultimately enhancing national wealth.Deep Knowledge Analytics78Scotlands energy sector is exploring the use of blockchain technology to enable peer-to-peer energy trading and incentivise renewable energy generation.Blockchain technology can enhance the security and privacy of Scotlands healthcare