Blockchain Education Center Opened By New York City Economic Development Corporation

Blockchain, Education, News | January 11, 2019 By:

The New York City Economic Development Corporation (NYCEDC) has established a new education center in Manhattan to explore blockchain technology for various use cases.

NYCEDC is a non-profit organization that serves as the city’s primary entity for promoting and implementing economic development. Its stated mission is to promote economic growth in New York City, especially through real estate development.

The newly-launched 4,000-square-foot blockchain center, which is located at 54 W. 21st St. in the Flatiron District, is part of a partnership with affiliates of venture-capital fund Future\Perfect Ventures and trade organization Global Blockchain Business Council. It will offer everything from coding classes to lunch lectures for software developers to the general public.

“We are playing the long game,” NYEDC CSO Ana Arino told Bloomberg in a phone interview. “It’s 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.”

The government of New York City, which is planning to test the use of blockchain tech this fall, is reportedly providing a “one-time initial investment of $100,000.” NYCEDC will seek to raise more funds through membership dues and through corporate partners, which already include Microsoft and IBM.

“This is a neutral spot, there’s no one platform or company that has undue influence over programming,” said Jalak Jobanputra, managing partner at Future\Perfect Ventures. “What we want entrepreneurs to have is a choice.”

The news about the new blockchain center came after Clyde Vanel, an assemblyman of the New York state (NYS) legislature, announced that the state will officially launch a task force to study how to properly regulate, define and use cryptocurrency.