As I indicated in the ranking post, I believe this is short sighted when thinking about where to locate a blockchain startup. Read NextHow Using Blockchain in Healthcare Is Reviving the Industrys Capabilities. "Bitcoin ATMs in London, UK, United Kingdom." Accessed Oct. 10, 2021. It was the site of the initial Devcon in 2014, then became the hottest hackathon space in Europe with ETHBerlin. The move sent crypto prices into freefall and fundamentally changed the geopolitical makeup of the Bitcoin mining industry. The views expressed in this article are those of the author alone and not the World Economic Forum. Blockdaemon is an independent blockchain infrastructure platform that allows users to make transactions, stake and earn cryptocurrency via nodes and within one interface. There are now some 15,000 businesses that accept payment in cryptocurrency around the world, and more than 2,000 of them are in the United States. 2) The Global Startup Ecosystem Report 2018 (particularly their initial effort to highlight promising blockchain ecosystems (starting page 50). The quality of the local blockchain ecosystem, and in some cases (especially for startups seeking to develop smart cities applications) the municipal governments commitment to being a smart, blockchain city is also very valuable. The $5.1 billion (12-month sales) diamond producer has registered more than 400,000 stones, worth some $2 billion, on its Tracr blockchain, up 50% since January 2021. Kraken. San Francisco Not surprisingly, the technology capital of the United States figures prominently on our list. Investopedia does not include all offers available in the marketplace. The company has a plan to develop Proof of Useful Work , a self-sustaining blockchain framework that unlocks the potential of idle computers. El Salvador was the first country to officially make bitcoin legal tender, in 2021. Dubbed "bitcoin village" by local residents, the downtown area is home to about a dozen crypto-friendly businesses, including the Seacoast Repertory Theatre and the Free State Bitcoin Shoppe. There are also 21 bitcoin ATMs and tellers in Portsmouth and nearby townsa surprisingly high figure for a town of only 22,000. They're talking about what's going on in Nigeria. Bukele has also shown a commitment to mining Bitcoin with renewable energyfrom volcanoes. BitPay. flockx is a blockchain network for developing decentralized apps. Kraken, OKCoin, and Robinhood all have big footprints therenot to mention Coinbase, whose executives are still clustered in San Francisco even as the firm professes to be decentralized. "Ljubljana." "Bitcoin ATMs in and Near Portsmouth NH." Robinhood is a stock brokerage app that lets users buy and sell stocks, ETFs and cryptocurrency. Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay. Though that hasn't caught on yet, the proclamation from San Salvador has other Latin countries that are struggling with inflation and meager foreign reserves thinking about adopting Bitcoin as a national currency, too. A media company for the web 3.0 age. Now, it's all but vanished. This fall, Ethereum community members and Solana stans descended on the city and its beaches to attend ETHLisbon and Solana Breakpoint. The first bitcoin was mined in 2009; now, thousands of merchants around the world accept virtual currency for payment. CCN.com looked for the top 10 bitcoin-friendly cities and came up with 11 cities based on an eight-place tie between Austin, Texas and Miami/Ft. Mediachain is a blockchain-based music platform that registers, identifies and tracks creative works online, ensuring the original information about content is identified. "How can we help?" Here we will discuss the 10 best blockchain platforms to use and to build a blockchain-embedded ecosystem surely and quickly. Under new chairman Gary Gensler, the SEC has pushed for tougher consumer protection laws, claimed the DeFi space is teeming with unregistered securities, and even threatened to sue one of the biggest companies in the industry, Coinbase. Bitcoin maximalist and El Salvador President Nayib Bukele has become one of the loudest and proudest advocates for the flagship cryptocurrency ever since announcing it as legal tender, Bukele has also shown a commitment to mining Bitcoin with renewable energy. Instead of relying on traditional credit scores to determine interest rates, the companys loan-to-value ratio reviews how much collateral a customer can offer and bases interest rates off of that number. Unfortunately I was unable to find one source that tracked all this data by city (many do it by country though). Founded in 2017, the company is using blockchain to turn energy into a managed, profitable asset. Anchored in Los Angeles, the blockchain platform has already raised $30 million in funding. New York is also a major hub for crypto startups and media companies, such as CoinDesk, Decrypt, and CoinTelegraph, as well as home to Consensus, one of the largest annual events in the crypto industry. Users can send cryptocurrency to a recipients NFT domain, plus a domain only has to be bought once and can be used continuously. Suzanne is a content marketer, writer, and fact-checker. The decentralized app is versatile enough for beginners to navigate while providing experts with all the power they need to execute transactions and securely access their Bitcoin wallets at any given time. Boston-Cambridge-Newton, MA-NH. Bitfurywas founded in 2011 and has since grown into a global blockchain company. San Francisco, Austin, and New . Demand.io aligns consumers, brands and creators on one network to elevate e-commerce shopping experiences. Accessed Oct. 10, 2021. "Who We Are." The markets of Kreuzberg district in Berlin became renowned all the way back in 2013 for accepting Bitcoin, at one point having the most cryptocurrency-accepting businesses per meter of anywhere in the world. The lending platform, based on the company's technologies and blockchain, allows developers to receive up to 5% profit for their own cryptocurrency. I am a big believer that smart cities need to lead by example and to embrace blockchain technology to enable efficiency, foster continuous democracy through concepts like liquid democracy, and of course supporting inclusive economic innovation and quality of life. "New York." Ripple is a blockchain platform focusing on the financial side of the digital revolution. And while Mount Fuji, Tokyo Tower, and Kyoto are likely at the top of many people's lists, there are many niche things to enjoy as well. Chainalysis works to improve trust across the blockchain ecosystem by providing banks, government agencies and others with services, software and data crucial to blockchain acceptance. But New York Citys next Mayor, Eric Adams, is pushing to attract and retain companies in the U.S.'s financial capital. This way, industry officials can monitor where shipments travel and who is handling them in order to cut down on counterfeiting and boost safety precautions. Coinmap identifies more than forty places to spend bitcoin in the Dutch capital, including bike repair shops, barbers, and coffee shops. Built In strives to maintain accuracy in all its editorial coverage, but it is not intended to be a substitute for financial or legal advice. Spring Labs enables faster and more secure information transferring between businesses by making use of blockchains power of transparency and real-time data ledger technology. The markets of Kreuzberg district in Berlin became renowned all the way back in 2013 for accepting Bitcoin, at one point having the most cryptocurrency-accepting businesses per meter of anywhere in the world. "List of bitcoin machines in and around Vancouver CA." While they didnt include much data, they did identify several cities around the globe which through their research, they felt had demonstrated potential to be a leader in creating a vibrant blockchain ecosystem. Ripple. "San Francisco County, California." ScienceSoft. I did also review Junipers rankings and those from the Cities in Motion Index. RelatedTop Cryptocurrency Companies to Know. These are the 10 cities that saw the largest increases of ultra-wealthy individuals between 2012 and 2022 and how big the jumps are, according to Henley & Partners' report. With London's waning influence and Portugal's welcoming attitude toward financial innovation, Lisbon is primed to attract more than just parties and hackathons in the future. Accessed May 11, 2020. Paxful operates a peer-to-peer cryptocurrency marketplace that allows users to buy and sell various forums of cryptocurrency through more than 350 payment methods. Coinmap. "Regulation of Cryptocurrency: Canada." Bitcoin lender Celsius Network opened an office there in February. It also includes smart contracts, private blockchain, blockchain wallets, as well as Apps (decentralized apps), and DAOs (decentralized . Suarez's embrace of Bitcoin has other companies rethinking where to locate their headquarters. "Athena Says Will Install 1500 Bitcoin ATMs in El Salvador." NC3: Best Places to do Business (5 points). The technology can revolutionize government, finance, insurance and personal identity security, among hundreds of other fields. As the technology capital of the U.S., San Francisco figures prominently on our list of bitcoin hotspots. Accessed Oct. 10, 2021. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. MoonPays on-and-off-ramp suite of products allow for a seamless experience when converting between fiat currencies and cryptocurrencies. Accessed Oct. 10, 2021. The Boston-based company also offers investment opportunities in seven different industries, ranging from NFT platforms to crypto gaming and institutional traders. Chances are you're headed to see Andreessen Horowitz down the road in Menlo Park. According to its website, Steem has given out more than $59 million in SMT to social media producers. For this I decided to keep it relatively simple. ScienceSoft offers end-to-end development of custom blockchain solutions. Bitcoin has a strong community in Canada, which has taken regulatory steps to embrace virtual currency. Meetup. Accessed Oct. 10, 2021. Reuters. It's the headquarters of the Ethereum Foundation, which helps guide a cryptocurrency with a market cap of nearly $500 billion. The city is home to more than 631,000 residents. We also considered the presence of major crypto businesses and industry leaders. In order to help those seeking more explanation on the methodology I am doing so here. 1) Token Report's ranking of top 10 cities based on headquarters of projects completing a token generating event, or ICO. A lot of things are happening in the blockchain world. The city's 840,000 residents have about half a dozen bitcoin ATMs available to them. For example, some of them are Telefnica, Indra, Panda Security, Abertis or Amadeus. But its influence is waning. Play to Earn. Malta. Since the first block was mined in 2009, bitcoin has made substantial inroads. Hashcash consultants It is a multinational blockchain development firm located in the United States. Aside from this secondary research, I was able to supplement the research via my blockchain professional network in these cities, and in two specific cases (Singapore and Zug), I was able to visit with government and ecosystem actors. Accessed Oct. 10, 2021. But the Swiss town of 30,000 punches above its weight. Zug, one of the smallest of Switzerland's cantons, has one of the country's lowest tax rates, which attracts hundreds of global companies. Shanghai, China. Find startup jobs, tech news and events. List of Top 10 Trusted Blockchain Development Companies in USA 2022 1. In the end this indicator, in my opinion is very important to the ranking, however, the lack of uniform data reduces the weight placed on it for this years rankings. "BitPay's New Amsterdam Headquarters." I then revised the ratings I had previously developed as a result. Its aim is to decentralize crypto again. Fairly early in Bitcoin's existence, the New York state regulatory framework known as the BitLicense drove out crypto companies like ShapeShift and Kraken. This is a good proxy for measuring self-reported blockchain professionals in a city, although I suspect in some countries, for example in Asia, the resulting number could be under-reported since other professional networks have strong adoption as well. Couple that with the UK's split from the EU, and companies may give serious consideration to basing their European operations elsewhere. Here are ten leading cities for bitcoin adoption, as of October 10, 2021: 1. 5 Worst Cities for Mass Shootings in the US. SALTs platform allows users to leverage their cryptocurrency for cash loans. The national government has also worked with entrepreneurs to introduce a simplified bitcoin wallet for low-fee transactions. The app lets patients manage all their medical data, get predictive insights about their risk for illness or disease and even compensates them for sharing their data for medical research. Create a free account and access your personalized content collection with our latest publications and analyses. Top 10: The largest cities in the world. Our planet is becoming increasingly crowded, as illustrated by these megacities. "Municipality ofLjubljana." boydcohen.impress.ly. There is no repository or database of blockchain use cases in cities (at least not yet). Read on to discover our rankings, beginning with number 15. The companys platform also serves as a crypto wallet and trading account. Lauderdale, Fla. For now, though, it's happy to focus its efforts on the digital yuan. Accessed Oct. 10, 2021. Ripple is a payment network using blockchain to transfer money all over the globe. As a subsidiary of Stone Ridge, NYDIG combines regulatory governance and audit standards with technology to make Bitcoin globally accessible. A Techstars Boston 2017 cohort, Voatz makes election participation easier and more accessible by enabling voting via smartphone, while also thwarting election security risks by combining biometrics and blockchain for incorruptible, transparent election outcomes. Sweet ultimately hopes to provide a platform with secure and simple NFTs transactions that are flexible to meet future blockchain expectations. SBCL 1: # of Smart Blockchain Services Supported by the City (5 points). By making cloud storage a commodity, Filecoin is turning blockchain technology into a competitive storage market. Accessed Oct. 10, 2021. Accessed Oct. 10, 2021. The company is using blockchain in cybersecurity methods while also looking into software utilization. I created my own independent assessment of the experts, and then as a second step, I sent the list of cities to Verum Capital an ICO advisory company from Switzerland, to independently rate the 18 cities on their national-level regulatory framework. IBM blockchain is transforming the IT world and providing a more decentralized environment. Discover Top IT Companies in Berlin specialized in Blockchain including Initial Coin Offering Consulting, Smart Contract Development, NFT and more. Did I select the right sample of cities, what about the weightings of the indicators, even the choice of indicators, and of course there are ample deficiencies with the data collection process, starting with insufficient or unavailable data to fully assess each city in the ranking. Just looking to get off the ground? The Bitcoin Mercantile Exchange, also known as BitMEX, How Using Blockchain in Healthcare Is Reviving the Industrys Capabilities. "Population." TQ Tezos works across industries to discover, design and implement innovative blockchain opportunities for both private and open-source environments. Add that to an infrastructure bill that snuck in language redefining crypto brokers, and you might think the U.S. capital was out to kill crypto. As I started to create a list of potential indicators I simultaneously began exploring data availability. While Breaker published a summary of the methodology, the full explanation of the methodology I employed, and the indicators and sources of data I used was not published in its entirety. Credit: Florian Wehde via UnSplash. Play to Earn, Lockheed Martin is Hiring | View 258 Jobs, track whether or not environmental or human rights violations, Ford Motor Company is Hiring | View 5 Jobs. Tel Aviv is Israel's primary tech hub and a hotspot for startupsit has more per capita than any other city outside California. The blockchain support of Web3 infrastructure comes from Fortress Trust. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. 1. The draft highlights the framework is set up for the blockchain ecosystemalong with the conceptualizing of the India first blockchain district. Ankr leverages both blockchain and hardware for cloud and data security purposes. Mythical Games is a studio creating games and online experiences that feature true ownership of digital assets. When they talk lovingly about the freedom of peer-to-peer transactions? Austin, Texas. I do believe favorable regulation is a critical component and cities in countries with unfavorable regulatory or tax policies related to blockchain are going to lose out on attracting and retaining blockchain projects. Sydney, Australia. The company strives to connect the worlds largest brands and their fans. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. Coin ATM Radar. Crypto markets rise and fall on the legislative and regulatory rumors that leak out of D.C. And there's been plenty of leaking. Singapore is top for blockchain A new ranking lists the top 10 blockchain cities in the world which sees London in second place and the Swiss town of Zug in third. Defense giant Lockheed Martin integrates blockchain into its developmental processes. Coinmap. The oceanfront in Virginia Beach, which . "Bitcoin ATMs in Ljubljana, Slovenia." For example, if per/capita was factored in, Zug, Switzerland a town with a population of 30,000, would win this competition hands down. The Republican-led legislature in Cheyenne, the state capital, worked with private industry to craft the most friendly blockchain tech and cryptocurrency laws in the country. Coinmap. This content is for informational and educational purposes only. The company works with Tezos ecosystem partners across the world to build products, design software and incubate new products, all in the name of pushing blockchain to reach its full potential. Kraken, OKCoin, and Robinhood all have big footprints therenot to mention Coinbase, whose executives are still clustered in San Francisco even as the firm. TaxBit was designed by CPAs and software developers in 2018. What is the World Economic Forum doing to ensure smart cities? Nium provides financial infrastructure for individuals, digital banks and or traditional industry banks. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. These 10 cities have seen the hottest crypto-hiring market in 2021. . Here's the bad newsthe U.S. doesn't rank in the Top 10 best places to live in the world, according to the Economist Intelligence Unit's Global Liveability Index.Here's the good news . This year, Nigeria, topped the list for peer-to-peer trading volume in Africa. After the global population hit eight billion on 15 November 2022, Accessed Oct. 10, 2021. Accessed May 11, 2020. Coin ATM Radar. The Beijing-based government went one better this year when it banned mining. A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. Therefore it was to be expected that few blockchain cities have already deployed multiple blockchain services. The companys investigation and compliance software helps institutions identify and disallow hacked and stolen funds and has been instrumental in solving many of the worlds most high-profile cybercriminal cases, making blockchain access safer and more accessible. Overall, the company strives to connect businesses and consumers for basic communication and trading capabilities. But Berlin has been hip on the Ethereum scene for almost as long. TrustToken lets users create asset-backed tokens that can easily be bought and sold. Bitcoin maximalist and El Salvador President Nayib Bukele has become one of the loudest and proudest advocates for the flagship cryptocurrency ever since announcing it as legal tender earlier this year. This data was collected from Crunchbase on April 25th. Perhaps the most controversial part of this ranking process may in fact be the actual cities chosen for consideration in this first ranking. The Nigerian capital has been ground zero for popular resistance against the central bank's monetary policy and restrictions on cryptocurrency. This article will look at the top 10 nations that support blockchain innovation. Founded in 2013 by a team of distributed systems and capital markets experts, Axoni specializes in multi-party workflows and infrastructure. Schwab Foundation for Social Entrepreneurship, Centre for the Fourth Industrial Revolution, 5 ways to speed up the creation of smart cities, Here's how technology is tackling inclusion issues in smart cities. Find out about Bitcoin's halving process works and what it means for Bitcoin's price and its users. FTX, meanwhile, splashed out tens of millions to get the naming rights for the Miami Heat stadium. Zug was almost left off the list due to a technicality: It's not big enough to be a city. The blockchain platform of IBM is a popular platform to use. The Israel Bitcoin Meetup Group in Tel Aviv is among the most active in the world with more than 4,000 members. Fairly early in Bitcoin's existence, the New York state regulatory framework known as the BitLicense drove out crypto companies like ShapeShift and Kraken. "Bitcoin ATMs in or Near Miami." Adams has vowed to take his first three paychecks in BTC, upping Miami Mayor Francis Suarezs commitment to take one paycheck in BTC. Omega Grids blockchain technology lets energy companies, as well as individuals, manage peer-to-peer energy sales. The goal, according to the company, is to help usher in a more inclusive and accessible financial environment where buying and selling cryptocurrency is safe and easy. Accessed Oct. 10, 2021. Both metropolises have 72 bitcoin-accepting establishments. Urbistat. Axoni offers ledger technology deployments, bespoke smart contract development as well as analytics and automation tools. And the Bay Area is home to not only Google but also the crypto-powered search engine that hopes to supplant it: Brave. The city with the best/highest performance on each topic was assigned a maximum point score for that indicator, then the remaining cities were compared relative to the leader. Though that hasn't caught on yet, the proclamation from San Salvador has other Latin countries that are struggling with inflation and meager foreign reserves thinking about adopting Bitcoin as a national currency, too. Ava Labs operates a next-generation blockchain platform called Avalanche, whose open, programmable capabilities are for decentralized applications. Adams has vowed to take his first three paychecks in BTC, upping Miami Mayor Francis Suarezs commitment to take. "Crypto Tax: MiamiCoin Has Made the City $7 Million." While these rankings may be biased towards startups, I felt it important to account for posted jobs in each city related to blockchain, be it in startups, corporations or even government. Boyd is a researcher and entrepreneur in smart, sustainable & entrepreneurial cities, Hes authored 3 books & is CEO of IoMob. How Fiat Currency Crises Drive Nations Toward Cryptocurrencies. "Israel Bitcoin Meetup Group." "Tel Aviv." Several municipal governments are seeking to attract crypto businesses by facilitating bitcoin adoption. All of them are skilled enough to help businesses to fulfil their Blockchain development . Satoshi Nakamoto is the name used by the creator(s) of Bitcoin. Boulder, Colorado. Sweet is an end-to-end platform for digital collectives. The primary sources of data for city selection included: 1) Token Reports ranking of top 10 cities based on headquarters of projects completing a token generating event, or ICO. @ultimatetoplisters presents the Top 10 Most Beautiful Cities in the World based on the consensus of 15 different journals.Here is a fun offer, get a perfec. While some can be categorized as fundamentally blockchain companies, others are familiar names embracing the new technology. China has three cities in the top 10, including Hong Kong which sits in seventh place. BSA 4: Blockchain VCs, Intermediaries (7 points). Sam Daley is a Built In associate product manager who formerly covered AI, blockchain and emerging tech trends for BuiltIn.com. Accessed May 11, 2020. These 15 places are shaping the technology, culture and policy that make crypto what it is. Weve rounded up 61 interesting examples of companies using blockchain. "Bitcoin ATMs in Tel Aviv, Israel." Coinmap. As such, I have incorporated the citys smart city ranking from Easyparks annual ranking as it had the most coverage of the cities in our list. "London." Suarez has put crypto at the core of his agendapushing to allow city workers to be paid in Bitcoin, advocating for the asset to be added to municipal coffers, and, of course, encouraging companies to set up shop. The companys platform was launched in 2014 by ex-bankers with backgrounds in computer science, financial engineering and traditional finance and utilizes the same technology found at the top trading firms. ." If resources were unlimited those could have been used as selection criteria. It was the site of the initial Devcon in 2014, then became the hottest hackathon space in Europe with ETHBerlin. The firm offers asset management, derivatives, financing, custody, and execution services. Lets admit we are really in the embryonic phase of blockchain technology in general and even more so with its potential application to smart cities. There are many sights to see when visiting Japan. Pinata provides Web3 content creators both current and aspiring with more access to the NFT market. Doc.ai combines blockchain and machine learning for predictive analytics and personal health insights. Like SALT, Celsius Network also allows users to leverage their crypto for cash loans. Anchorage Digital is a platform that offers custody, trading and financing services, primarily through cryptocurrency. Filecoin incentivizes individuals to use the companys mining software on the unused cloud storage space of personal computers, hard drives and data centers. Advanced technology, including blockchain can play a key role in solving these societal issues and achieving efficient urban management.

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