New York City opens new Blockchain Center in Manhattan

10 Jan, 2019
by Joeri Cant
New York City opens new Blockchain Center in Manhattan

Ana Arino, chief strategy officer at the New York City Economic Development Corporation, said in a phone interview with Bloomberg, that the EDC is opening its Blockchain Center this Thursday in the center of Manhattan.

Chepicap previously reported that New York City had announced the opening of a blockchain resource center during the opening of Consensus in May 2018.

James Patchett, president and CEO of the New York City Economic Development Corporation, said at the time that this central hub will help foster the city's blockchain ecosystem.

'It will build public awareness for blockchain technology through education, and it will connect entrepreneurs through business suport, mentorship and advisory services. But best of all, the center will serve as a much needed community space. And the center will also bring together stakeholders, government leaders, consumer advocates and investors, to tackle challenges facing the industry, like the regulatory environment.'

Today, Ana Arino, explained that the EDC is playing the long game, amidst the bearish cryptocurrency markets.

'Blockchain is a nascent technology, so there’s bound to be uncertainty around this evolution from year to year. While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.'

Read more: Bitcoin tumbles below $3600, will we be seeing $3000 soon?

The 4,000-square-foot center, located in the center of the city’s Silicon Alley, will offer everything from coding classes to lectures for software developers to the general public.

The city of New York is providing a one-time initial investment of $100,000, for the first year as a pilot test, to see what the learnings outcomes for the center will be.

The center will primarily raise money through membership fees and through corporate partners, which already include Microsoft Corp. and International Business Machines Corp., according to Jalak Jobanputra, managing partner at Future\Perfect Ventures.

'This is a neutral spot, there’s no one platform or company that has undue influence over programming. What we want entrepreneurs to have is a choice.'

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