NYCEDC President and CEO James Patchett. File photo by Buck Ennis, Crain’s New York Business NYCEDC President and CEO James Patchett. File photo by Buck Ennis, Crain’s New York Business

NEW YORK CITY—New York City Economic Development Corp. President and CEO James Patchett says the city is looking to tap into the growing blockchain industry by establishing a resource center and launching a competition to foster the creation of new applications.

Patchett, who was the keynote speaker at the CoinDesk annual Consensus Conference at the New York Hilton Midtown today, said the two initial efforts are geared to building a foundation around the blockchain technology and position New York City as an “accessible center for the technology center’s innovations.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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