The chief strategy officer at the New York City Economic Development Corporation (EDC) has confirmed that the EDC will be launching a new Blockchain Center in Manhattan. The CEO of New York City EDC, James Patchett explained, “It will build public awareness for blockchain technology through education, and it will connect entrepreneurs through business support, mentorship and advisory services.”
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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