New Oregon Blockchain Venture Studio Looks to Become Booming Crypto Incubator Hub
Is Oregon Going to be the Next Blockchain and Cryptocurrency Hub?
The U.S. state of Oregon could soon become a cryptocurrency and blockchain hub. According to the local news outlet Portland Business Journal, Nike, Intel and other first level companies will be participating of a new program that aims to put Oregon in the worldwide blockchain map.
The Oregon Blockchain Venture Studio is an incubator program that is hosted by the digital agency R/GA in conjunction with Oregon Health and Science University, Portland State University and the blockchain research organization Smith + Crown.
Jeff Gaus, founder of the Blockchain Venture Studio, asks himself why cannot Oregon become a blockchain hub. He, explains that the technology is based on collaboration and consensus, and Oregon’s ethos is exactly what blockchain needs to spread.
Those companies chosen to participate in the Blockchain Venture Studio will be receiving $100,000 in investment capital. The studio partners are able to make important investments in the companies as well.
Mr. Gaus commented on the matter:
“Our intention is that we put our best case for them to reside here or open a location here. For them to stay here, the community has to come together, it has to be more than Blue Star (Donuts) and bicycles. We need the services, the investors, the real estate and most of those wheels are in motion.”
The program was able to receive financial support form the government. The spokesperson for Business Oregon, Nathan Buehler, said that the state needs to look into the future and make strategic investments. WIth the funds provided by the government and the companies operating in the sector, the region will have an advantage in the country.
Around the world, there are several countries that are trying to establish themselves as virtual currency and blockchain hubs. For example, the European island of Malta is receiving an important number of companies such as Binance or Bitbay, two recognized exchanges.
The interest for blockchain technology continues to grow at very fast rates. There are several banks, financial institutions, governments and many other companies that are already working with the technology.
At the moment, in the United States, some companies claim that regulations are not enough. However, this is not an excuse for Oregon not to start thinking about its future as a blockchain hub.