Non-Profit To Bring Blockchain Center To New York

By Prashant Jha

New York tech enthusiasts have been promised a late New Year’s present with the NYCEDC announcing that it will open a brand new Blockchain Center in Manhattan soon.

The NYCEDC is the New York City Economic Development Corporation, a non-profit geared towards economic and real estate development in the Big Apple, and with it, the city will be entering a new blockchain-oriented future.

The spokesperson from the organization told media representatives that the Center is being built as a part of NYCEDC’s collaboration with Global Blockchain Business Council, an international trade organisation. Also involved is Future Perfect Ventures, a venture capital fund from the city itself.

The new Blockchain Center will take up a 4000 sq ft space in the Flatiron District of the Manhattan area. Its offerings will be quite variegated, with classes and educational training being provided for both pros and laymen.

While there will be courses to educate the general public about the blockchain basics, there will also be more advanced offerings targeted at software developers. Software developers can expect enriching lectures and programming classes from the Center.

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Bloomberg has quoted the chief strategy officer of the non-profit body, Ana Arino, as saying that the organization is interested in a long-term future of the blockchain technology. Arina reportedly said that the NYCEDC sees a great deal of potential in how the transformative power of this technology and wishes to keep New York at the front rows of further development.

She said :

“[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.”

Where Does The Funding Come From?

The city itself will be putting forward a one-time investment worth a whopping $100,000. Further funding will be raised by the NYCEDC by charging membership fees.

In addition, contributions are forthcoming from NYCESC’s corporate partners as well. These include top names like the Microsoft Corp.

Fall 2019 is likely to see some testing of the blockchain use cases in the New York City.