1. Shanghai, China. Founded in 2017, BlockFi is a fintech company using cryptocurrencies and blockchain payment rails to create a crypto management platform. Cities across the country are tapping into their pools of cryptocurrency talent. Now, Kraken, Avanti and others are setting up banking outposts in the Cowboy State. Credit: Florian Wehde via UnSplash. Kraken. 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. This year they went further than usual and explored several different sub-sectors including blockchain. Demand.io aligns consumers, brands and creators on one network to elevate e-commerce shopping experiences. El Salvador was the first country to officially make bitcoin legal tender, in 2021. Accessed Oct. 10, 2021. You can create global payments with this platform or build your own custom financial solution. SMART & BLOCKCHAIN CITY LEADERSHIP (SBCL). Users can send cryptocurrency to a recipients NFT domain, plus a domain only has to be bought once and can be used continuously. This data was collected from Crunchbase on April 25th. In a way to make the Hyderabad as one of the top 10 blockchain cities in the world, the State government of the Telangana has now release its draft blockchain policy. Here are ten leading cities for bitcoin adoption, as of October 10, 2021: Not surprisingly, the technology capital of the United States figures prominently on our list. One such company, Unbound Security, which uses a new type of cryptography to store digital assets, was acquired by Coinbase in November 2021. You can unsubscribe at any time using the link in our emails. Austin, Texas. This led to a grouping of indicators in three separate categories: 1) Blockchain Startup Activities (BSA): 50 total points, 2) Smart & Blockchain City Leadership (SBCL): 20 points. Coinmap. Coinmap. Accessed Oct. 10, 2021. FTX, meanwhile, splashed out tens of millions to get the naming rights for the Miami Heat stadium. 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. Still waiting for a Bitcoin ETF? Bittrex is a crypto exchange with the goal of advancing the blockchain industry by fostering innovation, incubating new and emerging technology and driving transformative change. In addition to its wide selection of cryptocurrencies that users can trade, Bittrex also offers a mobile app for convenient trading. TQ Tezos works across industries to discover, design and implement innovative blockchain opportunities for both private and open-source environments. Galaxy Digital is a fintech and investment management firm that offers institutions and clients a variety of solutions across the digital assets industry. It was the site of the initial Devcon in 2014, then became the hottest hackathon space in Europe with ETHBerlin. TrustToken lets users create asset-backed tokens that can easily be bought and sold. NYDIG is a fintech firm offering Bitcoin solutions for institutions, private clients and banks. Ankr leverages both blockchain and hardware for cloud and data security purposes. Bitcoin is not without controversy, but one fact is indisputable: more and more merchants and venues are willing to accept digital currency for payment. The software management system supports both public and private networks, while protecting even the most sensitive data from breaches. There are also 21 bitcoin ATMs and tellers in Portsmouth and nearby townsa surprisingly high figure for a town of only 22,000. This data was captured mostly on April 25th from a range of sources including: Angel.co, Crunchbase, Cointelegraph, and other google searches and conference presenters. The Bitcoin Mercantile Exchange, also known as BitMEX, How Using Blockchain in Healthcare Is Reviving the Industrys Capabilities. Anchorage Digital is a platform that offers custody, trading and financing services, primarily through cryptocurrency. Accessed Oct. 10, 2021. Some popular use cases of Bitfurys solutions include e-auctions, queue management and fraud prevention. "London." Coinfloor. Axoni offers ledger technology deployments, bespoke smart contract development as well as analytics and automation tools. More than a hundred merchants accept bitcoin, from restaurants and bars to hostels and stores. Blockchain technology could be the answer. These best blockchain platforms in 2022 are changing the world of the financial world. Accessed Oct. 10, 2021. The top 50 among these crypto firms have a combined value of $37.5B, with the Ethereum-network alone accounting for $25.3B. Smart city initiatives involving blockchain include: smart waste management, decreased pollution, improved transportation, increased business productivity, peer-to-peer (P2P) green energy networking, decentralized identity management, and improved government efficiency. This implies that blockchains are endlessly extensible like the Internet, or Telegram, or Facebook The company uses AI to create the optimal flat-fee rate for an insurance-seeker, then its blockchain-based smart contracts help to lock a user into a payment agreement. "Athena Says Will Install 1500 Bitcoin ATMs in El Salvador." What is the World Economic Forum doing to ensure smart cities? The network also establishes assets and token frameworks for the monetization of the DApps. 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. The blockchain industry is booming. Unfortunately I was unable to find one source that tracked all this data by city (many do it by country though). Colorado Springs, Colorado. Robinhood is a stock brokerage app that lets users buy and sell stocks, ETFs and cryptocurrency. The city's government is seeking to attract blockchain businesses to their city, and Mayor Francis Suarez has proposed investing city funds in bitcoin and even launching a municipal cryptocurrency. Read NextHow Using Blockchain in Healthcare Is Reviving the Industrys Capabilities. 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. 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. Ripple is a payment network using blockchain to transfer money all over the globe. 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. "Crypto Tax: MiamiCoin Has Made the City $7 Million." For merchant data, we looked at Coinmap, a collaborative tool for listing and locating businesses that accept bitcoin, and Coin ATM Radar, which shows the location of bitcoin ATMs. Every choice made in the ranking process could be questioned. Accessed Aug. 14, 2021. "How Many Businesses Accept Bitcoin?" Kraken, OKCoin, and Robinhood all have big footprints therenot to mention Coinbase, whose executives are still clustered in San Francisco even as the firm. Music giant Spotify acquired the company for an undisclosed amount in 2017. It's the adopted home of Ethereum creator Vitalik Buterin and the birthplace of co-founder Joseph Lubin, who went on to build Web3 software and investment company ConsenSys. In this article, we identify which cities are at the forefront of embracing virtual currency. 2) The Global Startup Ecosystem Report 2018 (particularly their. 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. "Amsterdam." For example, some of them are Telefnica, Indra, Panda Security, Abertis or Amadeus. This content is for informational and educational purposes only. Similar to SBCL 1, I leveraged Google searches supplemented by outreach to local experts and city officials to gauage the extent to which the city has a proactive strategy for embracing blockchain technology. 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. Malta. Legal protection, access to talents and research centres, proximity to the banking, wealth-management, pharma and insurance sector and a solid infrastructure are just some of the reasons for ventures to locate in Switzerland.. 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. Like SALT, Celsius Network also allows users to leverage their crypto for cash loans. 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. The city was crucial enough to host the second-ever Devcon, Ethereum's largest event back in 2015. Suzanne is a content marketer, writer, and fact-checker. To compile this list, we looked at three metrics: the number of merchants accepting bitcoin in each city, the number of bitcoin ATMs available, and population size relative to bitcoin activity. Satoshi Nakamoto is the name used by the creator(s) of Bitcoin. Because data mining takes up so much storage, the company is giving miners their own Filecoins, which can be traded for U.S. dollars, Bitcoin and Ether. The Zug canton, known as "Crypto Valley," has also attracted Ethereum rivals Tezos, Dfinity, Bancor, and Cardano. Naturally it is impossible to start with standard eligibility requirements such as all cities with a certain population of X, or perhaps any city with at least one incorporated ICO founded there. Washington Post. 9. Consumers can submit tokens for listing and create a business account to trade too. ." 2023 Decrypt Media, Inc. Accessed Oct. 10, 2021. Oasis Labs is a privacy-first, cloud computing platform running on blockchain. And the Bay Area is home to not only Google but also the crypto-powered search engine that hopes to supplant it: Brave. 2. It also includes smart contracts, private blockchain, blockchain wallets, as well as Apps (decentralized apps), and DAOs (decentralized . "About Bitfury." Chances are you're headed to see Andreessen Horowitz down the road in Menlo Park. Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay. SBCL2: Blockchain Strategy for the City (10 points). Startups based in the city include Coinfloor, which claims to be the oldest bitcoin exchange in the U.K. Couple that with the UK's split from the EU, and companies may give serious consideration to basing their European operations elsewhere. Founded in 2012, Paxos provides products for crypto brokerage as well as settlement services for securities and commodities. Between 2020 and 2024, the smart city market, including the segments of energy, healthcare and security, is expected to grow at an annualized rate of 23%, amounting to approximately $2.1 trillion. Coinbase and Binance, two of the world's largest exchanges, are seeking licenses from the Monetary Authority of Singapore to operate there. Crypto is a global community of people who are increasingly living in a digital metaverse. Blockchain tech is no exception. Coinme has set out to break down barriers by teaming with Coinstar to form a nationwide network of Bitcoin kiosks that accept cash investments and allow users to store investments via the Coinme app making it easier for people to improve their financial lives and begin investing in Bitcoin and other cryptocurrencies. Don't believe the FUD: It still holds sway. Below I introduce each category, the representative indicators and the weightings. I have been following the work of the Startup Genome group since they first founded. Coinmap. Perhaps the most controversial part of this ranking process may in fact be the actual cities chosen for consideration in this first ranking. Accessed Oct. 10, 2021. In fact beyond that, you could argue that blockchain, which was introduced to enable Bitcoin to function, was born due to a lack of trust in national governments. 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. Since 2017, China has prohibited cryptocurrency trading. Here we will discuss the 10 best blockchain platforms to use and to build a blockchain-embedded ecosystem surely and quickly. .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. Israel's financial center and one of the world's leading cities for startups has nineteen merchants accepting bitcoin and seven bitcoin ATMs in a population of 451,000. The Bay Area remains the center of the blockchain universe. 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 . Accessed May 11, 2020. I did also review Junipers rankings and those from the Cities in Motion Index. The digital asset platform not only allows institutions to engage with crypto directly, but institutions can integrate crypto into their own products and services. Anchorage Digital offers staking and governance options too. While it is not surprising that international financial centers have embraced bitcoin, it's interesting that smaller towns have done so, too. 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. 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. Urbistat. Headquarters: McKinney, Texas. The firm offers asset management, derivatives, financing, custody, and execution services. The first bitcoin was mined in 2009; now, thousands of merchants around the world accept virtual currency for payment. Success with its massive pilot could sway other countries to explore a central bank digital currency. Japan Has the Most Beautifully Designed and Colorful Manhole Covers in the World. Nisum is a global digital commerce firm offering services ranging from digital strategy and transformation to insights and analytics as well as blockchain and custom software development. Nearly 15,000 people were welcomed to Bitcoin 2021 Miami by its amiable mayor, Francis Suarez. Ljubljana has eleven bitcoin ATMs in the city and surrounding areas, and roughly 200 merchants who say they accept bitcoin. This tiny tourist town is now seeking to rebrand itself as "Bitcoin Beach," the world's first bitcoin-centered economy, following a substantial crypto donation to the municipal government. Definition, How It Works, Why It Matters, Satoshi in Bitcoin Explained: What It Is and How Much It Is Worth. The project deals with operations using cryptocurrencies in the banking sector. Founded in 2000, the company has grown to over 1,700 employees and reaches locations such as the United States, Chile, Colombia, India, Australia and Pakistan. 1. These include white papers, government data, original reporting, and interviews with industry experts. This collision density breeds innovation and dense cities with high levels of such activities are likely to be more successful in cultivating an innovation ecosystem in any sector. So, instead I had to use good old fashioned google searches to identify applications being implemented in the eligible cities. 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. Netki is an identity verification software striving to make using cryptocurrencies safe for businesses. ConsenSys is changing the world of financial transactions by embracing decentralized finance solutions. Lauderdale, Fla. Accessed May 11, 2020. have kept the flag flying, while industry lobbying groups such as Coin Center and The Blockchain Association have gained the ear of policymakers while increasing their clout with consumers. Adams has vowed to take his first three paychecks in BTC, upping Miami Mayor Francis Suarezs commitment to take. In this article, we will discuss the top best 10 blockchain companies worldwide. "Bitcoin ATMs in San Francisco, United States." Crypto markets rise and fall on the legislative and regulatory rumors that leak out of D.C. And there's been plenty of leaking. Bitfurys Exonum and Crystal software solutions both offer platforms that financial institutions, governments and businesses can use to secure compliance and document safety, as well ascryptocurrency transaction analysis and monitoring. This year, Nigeria topped the list for peer-to-peer trading volume in Africaand came in second only to the U.S. worldwide. 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. Since 2017, China has prohibited cryptocurrency trading. This fall, Ethereum community members and Solana stans descended on the city and its beaches to attend ETHLisbon and Solana Breakpoint. The Sweet marketplace features auctions and fixed-price products with zero crypto confusion, making the buying process easier to understand. Municipality of Tel Aviv-Yafo. After being founded in 2021, Autograph established unique digital collections and experiences. The NFT platform facilitates brands and names in sports, entertainment and culture while enhancing NFT ownerships. The companys platform is available in a majority of US states and multiple countries, and loans start at $5,000. The knowledge network offers several products to discover discount codes, reviews, creator offers and product pricing. Zug was almost left off the list due to a technicality: It's not big enough to be a city. 1 . 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. The companys platform can easily integrate with any native platform, allowing for instant automation and optimization. The companys platform is used by blockchain networks like ETH 2.0, Bitcoin, Solana and Terra. It is also home to the Miami Bitcoin Conference, one of the oldest and largest conventions of the cryptocurrency industry. Coinmap. This article will look at the top 10 nations that support blockchain innovation. Coinbase Review in 2 minutes (2023 Updated) Founded in 2012, Coinbase is a fully regulated and licensed cryptocurrency exchange in 40 U.S. states. Coinmap. "Vancouver." "Bitcoin ATMs in or Near Miami." These domains function as a users cryptocurrency address and universal username. Pinata provides Web3 content creators both current and aspiring with more access to the NFT market. A Smart Cities World survey reveals that only 15 per cent of the cities surveyed said they are running any blockchain implementations or trials. Accessed May 11, 2020. 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. The city is home to 129,500 millionaires. Bitcoin can now be used to pay taxes, and foreign investors will not be subject to capital gains taxes. 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. In order to help those seeking more explanation on the methodology I am doing so here. Boston-Cambridge-Newton, MA-NH. "Portsmouth, NH." ShipChain is a fully integrated supply chain management platform using transparent blockchain contracts. Bitfury. This category also contains 3 indicators. The list of Top 10 Blockchain development companies from USA to work with in 2022 and coming years. There are 437 bitcoin ATMs in the Bay Area, including 65 in the city of San Francisco itself. Read on to discover our rankings, beginning with number 15. Here are nine of the top blockchain platforms to consider. Bitstamp. Hashcash consultants It is a multinational blockchain development firm located in the United States. Chronicled leverages blockchain-enabled IoT devices to make for a more transparent supply chain. The Nigerian capital has been ground zero for popular resistance against the central bank's monetary policy and restrictions on cryptocurrency. "Population." The top 20 wealthiest cities in the world for 2023. . But its influence is waning. By using blockchain, Lemonade is able to approve insurance claims and payouts within minutes, rather than days. We also considered the presence of major crypto businesses and industry leaders. Accessed Oct. 10, 2021. 10. "Miami." The Nigerian capital has been ground zero for popular resistance against the central bank's monetary policy and restrictions on cryptocurrency. Let me start by stating that any ranking initiative, like the ones I previously led on smart cities, and this first attempt at a ranking of blockchain cities probably carries more weaknesses than strengths. When they talk lovingly about the freedom of peer-to-peer transactions? Sweet ultimately hopes to provide a platform with secure and simple NFTs transactions that are flexible to meet future blockchain expectations. The fintech giant entered the blockchain realm by letting customers invest in everything from Bitcoin to Litecoin. The company's key solutions include pay-ins and pay-outs, card issuance as well as banking-as-a-service and crypto-as-a-service. So far, Aptos has developed Aptos Names, Aptos Explorer and Petra Wallet to monitor transactions and blocks conveniently. Singapore is a major financial hub, and it has only gained stature in the crypto world as China has clamped down on crypto activity and Hong Kong falls under the mainland's orbit. 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. 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.
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