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The Isle of Man Blockchain Office and Sandbox are now open for applications

Tuesday, 12 March 2019

Digital Isle of Man has announced that both the Isle of Man Blockchain Office and Sandbox are now open, and are ready to receive joining applications.

The new Blockchain Office is a major commitment for the Isle of Man, providing a fully supportive and collaborative environment as the Island becomes an international hub for blockchain businesses.

Established to guide blockchain businesses through current and future regulatory landscapes, the primary function of the Office is to facilitate a dialogue between businesses and local and international regulators, where appropriate, and to help blockchain platforms design and future-proof their concepts in accordance with regulation.  The Office also provides expertise and guidance, marketing support, and will facilitate and encourage collaboration between companies. 

By following the application process, businesses will also have the opportunity to join the Blockchain Sandbox, a testbed that will provide a collaborative space for businesses to live-test their innovative product, service or delivery mechanism, and where any risks to ordinary financial consumers and the financial system are strictly contained.

Lyle Wraxall, CEO of Digital Isle of Man commented:

'The response to the launch of the Blockchain Office and Sandbox has been tremendous, with a number of premium blockchain businesses and emerging starts-ups approaching the Office for early participation, confirming the Isle of Man’s position on the world stage as a highly-respected and sought after jurisdiction for digital businesses. There are no signs of interest slowing, and we look forward to collaborating with these innovative pioneers who are driving blockchain technology.'

A robust selection process is in place to ensure that all participants are of the highest quality, solidifying the Island’s commitment to create a ‘centre of excellence’ ecosystem. Early participants are not being charged fees for the facility.

To enquire about participating in the Isle of Man Blockchain Office and Sandbox, complete the form found at www.digitalisleofman.com/blockchainoffice and one of the team will be in touch.

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