Inside buildings whose exterior walls are adorned with the ubiquitous graffiti murals urban America, a new kind of culture is emerging in Brooklyn, New York. From repurposed warehouses to other abandoned industrial buildings, crypto and blockchain entrepreneurs are setting up shop to establish their startups. As blockchain technology is beginning to mature, it seems some of its staunchest proponents have found a home for themselves in Brooklyn.
A New Economic Movement in New York
Blockchain technology has an anti-establishment air about it, at least, in the eyes of its original pioneers. One of the fundamental premises of the technology is to disrupt global process business across diverse sectors.
To this end, many blockchain purists prefer to develop their technologies far removed from the prying eyes of the big corporations who might seem anathema to hardcore blockchain enthusiasts. It is for this reason that Brooklyn, and not Manhattan, is turning into the crypto capital of New York.
As far as business in New York is concerned, Manhattan has always been the hub. Now, in neighborhoods like Bushwick and Williamsburg blockchain and crypto enterprises are taking root, developing intuitive solutions for a myriad of business segments. Startups like ConsenSys and Cryptonomic are hard at work creating blockchain-based applications for supply chain management (SCM), general logistics, payroll, payment processing, etc.