The New York City Economic Development Corporation (NYCEDC) is the initiator to start this new blockchain center. NCEDC partners with GBBC Labs along with FuturePerfect Labs. Moreover, the new facility is said to work significantly to develop this new blockchain ecosystem.
- GBBC is basically a subsidiary at the Global Blockchain Business Council
- FuturePerfect Labs is an affiliate at FuturePerfect Ventures
This center will run from the Chelsea district at New York. Moreover, it will offer entrepreneurs as well as innovators with business space, support, and mentorship.
The blockchain center will connect the government, industry, innovators, investors, and academia. They will work with a motto to advance the dialogue on New York to create a suitable regulatory environment guarding consumers without suppressing innovation. Also, the President and CEO at NYCEDC, James Patchett comments:
We are thrilled to partner with two accomplished blockchain industry leaders to help grow New York City’s blockchain network. The new Blockchain Center will serve as a vital resource to professionals in a booming industry, as well as those eager to learn and utilize this technology.
The blockchain center brings on Microsoft and IBM as their corporate partners. The Director at Microsoft Cities, John Farmer quotes on the news:
As a longtime participant in New York City’s vibrant tech and startup ecosystem, Microsoft is excited to collaborate with the New York City Economic Development Corporation on the new NYC Blockchain Center.
He also adds saying as an emerging new technology, the promise by blockchain spans over startups, industries, enterprises along with government alike. Contributing to foundational investments including the NYC Blockchain Center; the city is leading its stance within this area.
Now, it is applicable for exclusive technologies and job opportunities creating its potential in the Big Apple. On the other hand, Marie Wieck, General Manager at IBM Blockchain has to say:
With significant resources in business, education, entrepreneurship, research and more, New York stands as the capital for blockchain. IBM is continuously investing to build blockchain capabilities in each of these areas around the space.
Moreover, they believe that new NYC center will soon become an part of the current leadership in the blockchain. Despite the declining prices within this crypto market, this new opening center is successful in its settlement. However, there are still some companies which face staff layoffs, even shutting down as a result of this fluctuating market.