New York, NY – New York City Economic Development Corporation (NYCEDC) today announced it will partner for the second time with CoinDesk Inc. to host Blockchain Week New York City, which will run next year from May 10 through May 17. After a successful inaugural conference, the highly-anticipated Blockchain Week NYC is expected to draw thousands from the global blockchain industry as New York City continues to grow as a major market for blockchain jobs and innovation.
“New York City is proud to partner with CoinDesk for the city’s second annual Blockchain Week,” said NYCEDC President and CEO James Patchett. “Blockchain Week is a platform to bring together leading blockchain companies and the world’s top innovative minds to raise awareness about this transformative technology.”
“We are honored to co-host Blockchain Week with the City of New York,” said CEO of CoinDesk, Kevin Worth. “This annual week of conferences, events, meetups and gatherings – formal and informal – and of course our Consensus Summit are all vital to the growth of the industry. Stakeholders in our industry travel to NYC from over 100 countries around the world to meet and collaborate in what is the defacto annual industry meeting.”
Blockchain is a growing sector in New York City with the potential to create thousands of good-paying jobs. Blockchain job postings increased by more than 800% between 2015 and 2017, totaling a greater demand than Boston, Chicago and San Francisco combined, according to Burning Glass. In 2017, venture capital investments in New York City-based blockchain businesses grew to just under $200 million.
New York City’s anchor industries play a critical role in the evolution of blockchain technology. For example, financial services accounts for 30 percent of established blockchain use cases, according to a recent Cambridge study. Emerging use cases in finance, media, insurance, health care, and real estate, are all fueling a shift in some of New York City’s most vibrant industries.
Blockchain Week NYC will feature a series of events, anchored by headline event organizer Consensus. In 2018, the week-long tech conference generated an economic impact of $28.5 million, $1.6 million in local taxes and supported 6,000 jobs.
CoinDesk, the leading digital media, events and information services company for the crypto and blockchain community, hosts the perennially sold out Consensus each May that attracts thousands of blockchain programmers, software developers, corporate executives, traders, investors, institutions and money managers to their marquee event. Previous keynotes speakers include Jack Dorsey from Twitter, Fred Smith from Fed-Ex, James Bullard from Federal Reserve Bank, Abigail Johnson from Fidelity, Lawrence Summers from the U.S. Department of the Treasury.
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