This initiative will bring fifty jobs to the table by the time this hub is fully operational, and the blockchain lab will house a mix of developers and designers. In the end, the goal is to come up with new proofs of concept, and eventually turn some of them into functioning prototypes. Deloitte also mentioned how they plan to target Europe, the Middle East, and North Africa with these projects, which is quite exciting.
http://bitcoinist.net/deloitte-blockchain-lab-in-dublin-will-create-fifty-jobs/