Mapping out the blockchain ecosystem in New York City

The tech industry has been on the rise in New York City. According to government statistics, between 2010-2017, employment in the tech sector grew by approximately 65%. According to the New York Times, New York ranks second in attracting venture capital, behind only San Fransisco. As the tech industry has climbed, traditional financial service companies and banks have also been giving their businesses a technological overhaul.

Residing at the confluence point between finance and technology, Blockchain technology has found a welcome home in the world financial capital. Despite the challenge of obtaining licenses for blockchain companies, such as New York’s famous Bitlicense, the Big Apple has become a vibrant ecosystem, featuring a wide array of companies in the space. The Block has mapped out a total of 85 firms across 18 different sub-categories in New York City that are working to bring innovation through blockchain technology or cryptocurrencies.