New York City Launches First Blockchain Initiatives

New York City launching new initiatives to support growing blockchain industry

NYC’s industry has received nearly $200M in funding in 2017, blockchain job demand has increased by over 800% since 2015

Investing in emerging industries is a critical part of Mayor de Blasio’s job growth strategy

In an effort to serve the needs of the fast-growing industry, NYCEDC will launch the NYC Blockchain Resource Center. The center will serve as a physical hub for the industry, building public awareness for blockchain technology through education, and connecting entrepreneurs to business support, mentorship, advisory services, and a community of peers to help them launch and scale new ventures.

To catalyze blockchain innovation and source government use-cases for the technology, NYCEDC will also launch a public blockchain competition. Built on the foundation of the City’s successful NYC BigApps contest, the City today released a request for proposals (RFP) for an organization to operate a public competition aimed at developing blockchain applications that help improve public sector services and processes.

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