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New York & Tri-State  |  May 15, 2018
Paul Bubny
By: Paul Bubny

NYC Puts Promotional Push into Blockchain

The de Blasio administration will launch its first initiatives in support of the blockchain industry in the coming months. James Patchett (pictured), president and CEO of the New York City Economic Development Corporation, said at the Consensus 2018 conference that the NYCEDC would launch the NYC Blockchain Center, serving as a physical hub for the industry, and would also launch a blockchain competition in late 2018.

“There’s no city in the world that’s better positioned to lead the way in blockchain,” said Patchettt. “We’re a global leader in finance, real estate, media, and tech—all industries seeing incredible innovation from this new technology.” The financial services sector alone accounts for 30% of all blockchain use.

Venture capital firms invested over $199 million in New York City-based blockchain businesses in 2017, according to NYCEDC. Citing data from Burning Glass, NYCEDC said blockchain job postings increased by more than 800% between 2015 and 2017.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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