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. Founded in 2012, Paxos provides products for crypto brokerage as well as settlement services for securities and commodities. Malta is a "blockchain island." This country is considered as one of the most blockchain-oriented regions . How Fiat Currency Crises Drive Nations Toward Cryptocurrencies. 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. VR users on the High Fidelity platform can hang out with other users in different virtual worlds, purchase accessories for their avatars and even attend events like a live DJ set. If resources were unlimited those could have been used as selection criteria. Which they did. The results have created a lot of conversation in LinkedIn, Twitter and Telegram and I have been receiving inquiries regarding why certain cities werent ranked, or clarifications on the methodology. You may have read that everyone is fleeing San Francisco because of the pandemic. The move sent crypto prices into freefall and fundamentally changed the geopolitical makeup of the Bitcoin mining industry. "Bitcoin groups in London." 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. Coin ATM Radar. The company is using blockchain in cybersecurity methods while also looking into software utilization. Lauderdale, Fla. In this case, I measured the number of meetups scheduled for May 2018 which related to blockchain within 25 miles of each city via meetup.com (data collected on April 27th). Lemonade combines artificial intelligence and blockchain to help users receive renters and homeowners insurance at reasonable rates. 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. 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. 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. Coinmap identifies more than forty places to spend bitcoin in the Dutch capital, including bike repair shops, barbers, and coffee shops. There are 437 bitcoin ATMs in the Bay Area, including 65 in the city of San Francisco itself. Accessed Oct. 10, 2020. As of May 2022, Celsius Network has done over $11.8 billion in coin loans and has served over 130,000 users. Ever wanted to buy something with bitcoin? If a city does well in most other areas but has a bureaucratic and expensive process for incorporating and managing a startup, then it will also struggle to attract and maintain blockchain startups. "El Salvador's Bitcoin Wallet Beset by Technical Glitches." I have been following the work of the Startup Genome group since they first founded. But the Swiss town of 30,000 punches above its weight. The original Bitcoin wallet provider, Blockchain.com, calls the U.K. capital its home as do newer firms like Ethereum wallet Argent and digital asset custodian Copper. 1. "Municipality ofLjubljana." All the cryptocurrency merchants and ATMs of the world in one map, Bitcoin ATMs in San Francisco, United States, Investors seek exhumation of Canadian crypto currency firm founder to ensure it's him, List of bitcoin machines in and around Vancouver CA, World's First Bitcoin ATM Opens In Vancouver, Canada, List of bitcoin machines in and around Amsterdam, The Bitcoin Economy's 'Backbone' Is Bitstamp, An Exchange Run By Two Young Slovenians, Crypto Tax: MiamiCoin Has Made the City $7 Million, Athena Says Will Install 1500 Bitcoin ATMs in El Salvador, El Salvador to Exempt Foreigner Investors from Tax on Bitcoin Price Gains, El Salvador's Bitcoin Wallet Beset by Technical Glitches, Bitcoin ATMs in London, UK, United Kingdom, Bitcoin is already playing a key role in the unsteady financial systems of some developing markets. According to its website, Steem has given out more than $59 million in SMT to social media producers. 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. 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. Like SALT, Celsius Network also allows users to leverage their crypto for cash loans. Other regions becoming more accepting of bitcoin and cryptocurrency include Cyprus and Malta, as well as countries experiencing economic uncertainty and currency volatility such as Venezuela and Zimbabwe. 1. Consumers can submit tokens for listing and create a business account to trade too. Accessed Oct. 10, 2021. Coinfloor. Finally, the question is how to go from the raw collected data into a final ranking. Chances are you're headed to see Andreessen Horowitz down the road in Menlo Park. Chronicled leverages blockchain-enabled IoT devices to make for a more transparent supply chain. Crypto markets rise and fall on the legislative and regulatory rumors that leak out of D.C. And there's been plenty of leaking. Mediachain is a blockchain-based music platform that registers, identifies and tracks creative works online, ensuring the original information about content is identified. Its important to note I decided not to employ a per/capita measurement system because I do not believe that would result in an understanding of which cities are leading based on the real amount of activity, experts and more. In this article, we will discuss the top best 10 blockchain companies worldwide. Players can compete in races and shooting minigames as well as earn and buy playable NFTs. Ripple. "Introducing a Bitcoin Economic Ecosystem." I then revised the ratings I had previously developed as a result. Location: San Francisco, California and New York, New York. Anchored in Los Angeles, the blockchain platform has already raised $30 million in funding. The Bitcoin Mercantile Exchange, also known as BitMEX, is a cryptocurrency derivatives trading platform, currently hosting exchanges executed by more than half a million customers. The top 20 wealthiest cities in the world for 2023. . Oasis creates smart contracts that allow for total privacy without any corruption. Accessed Oct. 10, 2021. The town received its first bitcoin ATM in 2020, one of 1500 being installed around the country as El Salvador moved to adopt the cryptocurrency as legal tender. The virtual worlds are designed to be a social and interactive VR experience that can host more than 100 people at once. MoonPays on-and-off-ramp suite of products allow for a seamless experience when converting between fiat currencies and cryptocurrencies. 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. "Bitcoin ATMs in or Near Miami." 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. But Berlin has been hip on the Ethereum scene for almost as long. But even as they embrace a decentralized world, physical places still matter very muchafter all, no one can live entirely in a blockchain. 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. 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. 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. For example, TrustToken permits everything from rental properties to commodities to release their own coin, resulting in fractional control and ownership over the asset. Accessed Oct. 10, 2021. "List of bitcoin machines in and around Amsterdam." Algorand makes digital transactions a common convenience by allowing companies to complete smart contracts with simple code while securing their blockchains with trustless technology. The decentralized Chronicled ecosystem helps industries like pharmaceutical, commodities and precious metals track-and-trace every move their shipment takes. Unfortunately I was unable to find one source that tracked all this data by city (many do it by country though). But New York Citys next Mayor, Eric Adams, is pushing to attract and retain companies in the U.S.'s financial capital. Several municipal governments are seeking to attract crypto businesses by facilitating bitcoin adoption. Suarez's embrace of Bitcoin has other companies rethinking where to locate their headquarters. But its influence is waning. The impressive rate of adoption suggests that virtual currencies are here to stay. TrustToken lets users create asset-backed tokens that can easily be bought and sold. Top American Cities by # of Bitcoin ATMs per 10,000 residents *only cities with at least 15 bitcoin ATMs were analyzed Though a few major cities such as Orlando, Newark, Atlanta, and Miami make both lists, these metropoles are all outranked on a per capita basis by humble Harrisburg, PA, with more than 16 bitcoin ATMs per 10,000 residents. It can improve transparency and efficiency in public services, reduce fraud, and improve data security. and came in second only to the U.S. worldwide. In fact one trusted colleague said the only thing that matters is the regulatory and tax treatment for blockchain ICOs in that jurisdiction. But Berlin has been hip on the Ethereum scene for almost as long. Accessed Oct. 10, 2021. 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. All of them are skilled enough to help businesses to fulfil their Blockchain development . Coinmap. Accessed Oct. 10, 2021. Don't believe the FUD: It still holds sway. Founded in 2015, CoinFlip operates a network of cryptocurrency ATM machines spread across thousands of physical locations that everyday people use to buy crypto with cash. Coinmap. For this I decided to keep it relatively simple. Lockheed Martin is now the first U.S. defense contractor and one of the largest companies in the world to embrace blockchain. 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. The list of Top 10 Blockchain development companies from USA to work with in 2022 and coming years. The Ontario Securities Commission, headquartered in Toronto, has approved loads of exchange-traded funds this yearEthereum, Bitcoin, and crypto combinationsso that they can trade on the Toronto Stock Exchange. By using blockchain, Lemonade is able to approve insurance claims and payouts within minutes, rather than days. Since the first block was mined in 2009, bitcoin has made substantial inroads. 3) My own work, with two research assistants, to identify other top cities based on ICO headquarters through the collection of data from Token Markets database. 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. flockx is a blockchain network for developing decentralized apps. "San Francisco." Perhaps the most controversial part of this ranking process may in fact be the actual cities chosen for consideration in this first ranking. The 15 Most Influential Crypto Cities in the World, By Jason Nelson, Scott Chipolina and Jeff Benson. Founded in 2017, BlockFi is a fintech company using cryptocurrencies and blockchain payment rails to create a crypto management platform. The project deals with operations using cryptocurrencies in the banking sector. This year, Nigeria topped the list for peer-to-peer trading volume in Africaand came in second only to the U.S. worldwide. Urbistat. Below I introduce each category, the representative indicators and the weightings. TOP 10 RICHEST CITIES IN THE WORLD #shorts #viral #top10#shorts #youtubeshorts #shortsvideo #shortsfeed #top10 #richest #city #trending #foryou #viral @Prith. This is due in part to increased investment in the technology, extensive use of blockchain solutions in banking and cybersecurity, as well as high adoption of blockchain solutions for payment, smart contracts and digital identities. In June 2021, crypto exchange Blockchain.com announced it would be moving its U.S. headquarters from New York City to Miami. Sam Daley is a Built In associate product manager who formerly covered AI, blockchain and emerging tech trends for BuiltIn.com. Enthusiasts can purchase bitcoin at thousands of ATMs globally. This category ended up with 7 indicators which made it to the final analysis. "BitPay's New Amsterdam Headquarters." Accessed Oct. 10, 2021. 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. The Boston-based company also offers investment opportunities in seven different industries, ranging from NFT platforms to crypto gaming and institutional traders. The blockchain industry is booming. BSA 1: #of registered blockchain/ICOs in the city (10 points). You'd probably be overjoyed to be accepted to Y Combinator in Mountain View, as Coinbase was. "Bitcoin ATMs in London, UK, United Kingdom." And there's been plenty of leaking. This fall, Ethereum community members and Solana stans descended on the city and its beaches to attend ETHLisbon and Solana Breakpoint. Los Angeles-Long Beach-Anaheim, CA. Both metropolises have 72 bitcoin-accepting establishments. So I used numerous sources to capture this data and hired 2 research assistants at EADA to help research startups headquarters from Token Markets list of 805 tokens as of April 15. This year they went further than usual and explored several different sub-sectors including blockchain. People all over the world can be compensated by performing tasks with their idle computers, which the company says can lead to a universal basic income. They're talking about what's going on in Nigeria. Voatz is a mobile voting platform running on blockchain. Headquarters: McKinney, Texas. 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. 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. But Bitcoin advocates like Ted Cruz (R-TX) and Cynthia Lummis (R-WY) 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. According to Menon, the top three blockchain frameworks for these use cases are R3 Corda, Hyperledger and Ethereum, with EOSIO and ConsenSys Quorum gaining ground. "London." The Smart Dubai initiative is developing use cases for blockchain across multiple sectors such as finance, education and transportation. "How can we help?" Accessed Oct. 10, 2021. The blockchain platform of IBM is a popular platform to use. The city was crucial enough to host the second-ever Devcon, Ethereum's largest event back in 2015. The technology can revolutionize government, finance, insurance and personal identity security, among hundreds of other fields. What Is Proof of Work (PoW) in Blockchain? "World's First Bitcoin ATM Opens In Vancouver, Canada." CoinATMRadar. Top 10 Blockchain Platforms IBM Blockchain IBM is the pioneer company to use blockchain for creating efficient and transparent business operations. 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. Reuters. Quartz. The financial and tech hub of 8.4 million people can spend their bitcoin at about three dozen merchants in the metro area, including the Bitcoin Store in lower Manhattan and CryptoART in Morningside Heights. Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay. Delhi, India - 29.3 million people. The token is called FET and is also used to pay for services provided by flockx. Coinbase is a digital portfolio that lets users buy and sell 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. Robinhood is a stock brokerage app that lets users buy and sell stocks, ETFs and cryptocurrency. TQ Tezos works across industries to discover, design and implement innovative blockchain opportunities for both private and open-source environments. . The U.K.'s Financial Conduct Authority (FCA) has taken sharp aim at crypto, chasing off top crypto exchange Binance and telling crypto investors to be prepared to lose all their money." This small coastal city is home to a surprisingly large community of cryptocurrency users. Every choice made in the ranking process could be questioned. These best blockchain platforms in 2022 are changing the world of the financial world. Its 5.5km streets rank alongside Oxford Street in London and the Champs-lyses in Paris as one of the busiest commercial areas in the world, with one million people shopping there every day. These include white papers, government data, original reporting, and interviews with industry experts. Now, it's all but vanished. American automaker Ford is teaming up with Renault, BMW and General Motors to form a coalition dedicated to blockchain technology in the automotive space. Sweet is an end-to-end platform for digital collectives. High Fidelity created an open-source platform for developing virtual environments on blockchain. Accessed Oct. 10, 2021. The views expressed in this article are those of the author alone and not the World Economic Forum. And more than 90 percent of European and U.S. banks are researching blockchain options. Read more. New York City came in at no. 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. Want funding? 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. A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. With a fast-moving centralized government, Beijing could snap its fingers to lower electricity prices and woo back mining firms, as Russia has done. Merchants in Utrecht, Rotterdam, and The Hague also accept cryptocurrency. "Tel Aviv." Barcelona, Spain. The company provides features like investment banking, asset management, trading, principal investment, mining and prime brokerage. Without exchange rate fees, friends can transfer money in different currencies with a simple text. Axoni offers ledger technology deployments, bespoke smart contract development as well as analytics and automation tools. .chakra .wef-10kdnp0{margin-top:16px;margin-bottom:16px;line-height:1.388;}What is the World Economic Forum doing to ensure smart cities? The city is home to 129,500 millionaires. Ljubljana has eleven bitcoin ATMs in the city and surrounding areas, and roughly 200 merchants who say they accept bitcoin. You can use bitcoin to pay for lunch at Miami's Pizza Bar, or a play at Portsmouth's Seacoast Repertory Theater. The satoshi is the smallest unit of the bitcoin cryptocurrency. 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. So, instead I had to use good old fashioned google searches to identify applications being implemented in the eligible cities. San Francisco is home to cryptocurrency trading platforms Coinbase and Kraken. 1. The lending platform, based on the company's technologies and blockchain, allows developers to receive up to 5% profit for their own cryptocurrency. The Nigerian capital has been ground zero for popular resistance against the central bank's monetary policy and restrictions on cryptocurrency. 5 Worst Cities for Mass Shootings in the US. 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. "About Coinbase." the Ethereum network, the Solana network. It is also home to the Miami Bitcoin Conference, one of the oldest and largest conventions of the cryptocurrency industry. Pinata provides Web3 content creators both current and aspiring with more access to the NFT market. TaxBit operates across industries and services individuals, enterprises and governments. Similar to BSA 1, this indicator measures the amount of blockchain startups in a city. Founded in 2017, the fintech company allows businesses to streamline investments through blockchain by offering modern security engineering for secure crypto custody, trading, staking and governance. Adams is also looking to create a cryptocurrency specific to NYC. There are more than fifty merchants who accept bitcoin in Vancouver or the surrounding suburbs, and 221 locations to buy bitcoin. The relative weight of this indicator (20 points or 20% of total) will perhaps be the most controversial choice I made with the ranking methodology. Its platform supports methods like debit and credit card, local bank transfers, Apple Pay, Google Pay and Samsung Pay. MoonPay is a fintech company offering payment solutions for the crypto marketplace. And its only getting bigger: The blockchain market size is expected to reach $67.4 billion by 2026. Accessed Oct. 10, 2021. Don't believe the FUD: It still holds sway. 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.
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