Miami Leading Cryptocurrency and Blockchain Adoption In The United States of AmericaThe United States, since its emergence after gaining independence from the British in the 17th century, it has experienced growth to become a world power. This has been achieved through the adoption of technology and its use to stay ahead of other countries in the world.
Every century has seen technological innovations, becoming a world power depends on how a country annexes the technology and utilize it for the growth of its economy.
Since the emergence of the cryptocurrency and blockchain technologies, the United States of America has been relatively behind in the adoption of blockchain technology.
In contrast to the silence of the United States, the potential of the technology has created a cryptocurrency and blockchain race, similar to the arms race that dominated the world during the cold war.
Though some countries have developed a negative stance toward cryptocurrency, there has been a considerable adoption of the blockchain technology as countries seek to annex the dividend of the technology for their economy.
The United States had shown a great deal in the oil sector, automobile sector along with the industrial revolution, dot-com era among others. Recently the United States legislature started taking drastic steps in seeing to introducing legislation that will aid cryptocurrency and blockchain industry growth in the country. While the effort of the national legislature of the country is underway, the autonomy of states in the federal system run by the United States has seen the state of Florida lead the quest to blockchain adoption in the country.
Miami’s Role in Leading Blockchain Adoption in The United States
The state of Florida has been a leader in stimulating the growth of blockchain technology in the United States of America. This has been notable in its role in serving as a venue for blockchain projects, fundraising, and conferences.
Notably, among others, Vitalik Buterin the founder of Ethereum presented the Ethereum project in Miami during the first North American Bitcoin conference.
Also, in this year’s North American Bitcoin conference in Miami, over 30 startups announced fundraising of millions of dollars through ICOs. Further, the state of Florida and the city of Miami hosted the first Blockchain Shift conference and witnessed the partnership of IBM, Tesla, KPMG, Bloomberg, and many others this month.
Apparently, the adoption of a new vision for blockchain and cryptocurrency in creating a crypto chief position to oversee the industry and regulate it as adopted by the lawmakers of the state which shows that the state is leading blockchain revolution in the United States of America.