James Patchett, president and CEO of the New York City Economic Development Corporation, (NYCEDC) reported that the city is starting several initiatives associated with blockсhain technologies at the Consensus 2018 conference.
“There’s no city in the world that’s better positioned to lead the way in blockchain. We’re a global leader in finance, real estate, media, and tech - all industries seeing incredible innovation from this new technology. The City is putting a big focus into blockchain to find out how we can grow the industry and make sure it’s creating great opportunities for New Yorkers,” – he said.
What will be done?
- NYCEDC will launch the NYC Blockchain Resource Center which will serve as a physical hub for the industry promoting public awareness of blockchain technology and as a venue for negotiations among industry representatives.
- For the Blockchain Resource Center, NYCEDC plans to provide $100,000 in initial funding during its first year.
- The key topic of the discussions in the center will be centered around how New York City can create a regulatory environment that will support both consumer safety and innovation.
- NYCEDC also announced a public competition aimed at developing blockchain applications that will help improve public sector services and processes. The commission expects the blockchain competition to launch in late 2018.
By Ekaterina Ulyanova