Hope springs crypto in Brooklyn. Bloomberg Technology highlights how ConsenSys and its mission to reshape and democratize the world through blockchain built on the Ethereum ecosystem has revived empty warehouses and contributed to ongoing gentrification.
According to New York City’s Economic Development Corp., in 2015 there were 93 job openings listed for Brooklyn blockchain companies. Last year, there were 745, a more than eightfold increase. And the growth is just starting, said James Patchett, the group’s president. “We absolutely believe this is an industry that’s going to explode,” Patchett said in an interview. “We’ve seen an increase in startups that want to be outside of Manhattan.”