May 15, 2018
The de Blasio administration will launch its first initiatives in support of the blockchain industry in the coming months. James Patchett (pictured), president and CEO of the New York City Economic Development Corporation, said at the Consensus 2018 conference that the NYCEDC would launch the NYC Blockchain Center, serving as a physical hub for the industry, and would also launch a blockchain competition in late 2018.
“There’s no city in the world that’s better positioned to lead the way in blockchain,” said Patchettt. “We’re a global leader in finance, real estate, media, and tech—all industries seeing incredible innovation from this new technology.” The financial services sector alone accounts for 30% of all blockchain use.
Venture capital firms invested over $199 million in New York City-based blockchain businesses in 2017, according to NYCEDC. Citing data from Burning Glass, NYCEDC said blockchain job postings increased by more than 800% between 2015 and 2017.
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