New York seeks to become centre of blockchain innovation

New York City is hatching a plan to become the world's capital for innovation in blockchain technologies.

The city's ambition to lead education and investment in distributed ledger technology was announced at the start of the annual Consensus conference, hosted by CoinDesk, a media platform that specialises in digital currencies.

James Patchett, President and CEO of the non-profit New York City Economic Development Corporation (NYCEDC), said two initial efforts to promote blockchain in the city have already begun. These include the NYC Blockchain Resource Center, a bricks-and-mortar space in which to convene industry, government and business leaders, along with a public competition for ent...