Enterprise blockchain firm R3 is set to further its European expansion with the opening of a new office in Dublin next year.

It will serve as another of R3’s tech hubs and will be primarily staffed by engineering specialists who will work closely with the existing engineering team in London.

The move follows the announcement last month that it would double the size of its London hub amid an aggressive hiring plan which aims to expand global headcount by around one quarter by the end of 2019.

Many of the new roles will be software engineers, along with commercial and client-facing roles around the world.

R3 claims that its Corda and Corda Enterprise platforms underpin the blockchain-based applications more than 300 of the world’s largest financial services firms, technology companies, central banks, regulators and trade associations.

David E. Rutter, chief executive of R3, said: “Enterprise blockchain is reaching a tipping point – from building the next generation of stock exchanges on blockchain, to facilitating frictionless global trade, blockchain is entering the mainstream of enterprise activity.

“After careful consideration, we chose Dublin because of the deep pool of existing blockchain and technical skills in the city, as well as its close connections to our existing hub in London.”

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