New York City may begin testing blockchain technology for various use cases later this year.
The New York City Economic Development Corporation's (EDC) new Blockchain Center opened Thursday, and intends to begin testing the tech's use cases next fall, Bloomberg reported Thursday. The center is part of a partnership with the venture capital fund FuturePerfect Ventures and the Global Blockchain Business Council trade organization.
It is unclear at this time which areas these use cases may cover. The EDC is a non-profit corporation which aims to support economic growth within the city. It acts as New York's official economic development corporation.
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