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The NYC Blockchain Center is a welcoming meeting place for local and global businesses, academics, and government to engage with blockchain entrepreneurs in the city’s growing blockchain ecosystem, harnessing its energy, talent, and creativity for the benefit of New Yorkers.
The New York City Economic Development Corporation (NYCEDC) is the city’s main vehicle for fostering economic prosperity in all five boroughs. The goal of the New York City Economic Development Corporation (NYCEDC) is to promote growth through expansion and renovation initiatives that attract investment, create prosperity, and improve the city’s competitive position. By cultivating partnerships with businesses, the NYCEDC acts as an agent for the business community, allowing them to take advantage of New York City’s numerous opportunities.
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The NYC Blockchain Center aspires to be a hub for public education, scholarly dialogue, and opportunities for startups and developed companies. Membership fees and corporate collaborations will be used to finance the center. It was intended to be a “neutral space” where no single forum, organization, or community would have a dominant position. In addition to other programs, the center expects to give coding courses and lunch lectures to software developers and the general public. 1st Part of the center’s intent, according to Karen Bhatia, a vice president at the NYCEDC, will be to provide a forum for regulators and entrepreneurs to “sit down and have a real conversation about how blockchain regulations, like the BitLicense, are affecting innovation and entrepreneurship in New York City.” [two]
The New York City Blockchain Center was revealed in May 2018 as part of the New York City Economic Development Corporation’s (NYCEDC) efforts to boost the city’s involvement in the cryptocurrency and blockchain industries.
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NYCEDC President and CEO James Patchett today announced plans to plant a flag in New York City’s rising blockchain industry, speaking as the opening keynote at CoinDesk’s annual flagship Consensus conference. The city will launch two initial initiatives in the coming months to lay a groundwork for blockchain technology and place New York City as an open hub for blockchain innovation.
The NYCEDC will open the NYC Blockchain Resource Center to meet the needs of the fast-growing industry. The center will act as a physical hub for the industry, linking entrepreneurs to business resources, mentorship, consulting services, and a network of peers to help them launch and scale new projects.
The center will also bring together business leaders, government officials, consumer advocates, and investors to start a discussion about how New York City can develop a regulatory climate that promotes consumer protection while also encouraging innovation.
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