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Hungary's Blockchain Coalition holds inaugural meeting

Fintech

Hungary's Blockchain Coalition held its inaugural meeting on Tuesday, according to a report by state news wire MTI.

The coalition's founding members, from the private, public, and academic spheres, believe Hungary can achieve an "international profile" in the application of blockchain technology which they seek to advance in the areas of R&D and service development.

The Blockchain Coalition aims to designate economic opportunities in the appropriate legal framework and share know-how and experience with businesses and industry players.

The coalition's board is chaired by Ferenc Vágujhelyi, who heads the National Infocommunications Council. Its members are National Bank of Hungary (MNB) director for oversight coordination Bálint Balogh, Innovation and Technology Ministry consultant István Erényi, Dorsum innovation director Bálint Fischer, Blockchain Magyarország Association chair Kornél Kalocsai, Idomsoft CEO Balázs Karlócai, Budapest University of Technology and Economics (BME) teacher András Pataricza, and Peak Financial Services CEO Márton Suppan.

Innovation and Technology Minister László Palkovics said the government "pays special attention to all innovative technologies that can enliven and accelerate Hungary's digital development".

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