$100M Funding for Blockchain Startups in Ohio, USA

Tech funds in Ohio will make millions of dollars thanks to eligible blockchain startups, according to Ray Leach, CEO of JumpStart, on Sunday. they plan to invest dollars, and the startups they are interested in are blockchain systems that are considering using the ledger system for transactions such as storing government documents.. Local venture capital and market accelerator called FlashStarts has also announced a $6 million pre-funded blockchain startup fund.

Although no official announcement has been made, Leach will also be out of Ohio’s Opportunity Zones (opportunity Zones) in the next three years. talked about a $200 million investment plan for blockchain firms that will benefit. There will be tax incentives for investors planning to achieve economic development in underdeveloped areas.

The announcement was made as part of the opening events of the Blockland Solutions conference.. All tickets for the four-day event have been sold out, and organizers hope the success of the conference will be instrumental in making Ohio a leader in blockchain technology.. Sessions started with a pre-conference on training for developers on Saturday.. The conference will continue Monday and Tuesday.

Deputy of State Jon Husted also spoke on Sunday about the InnovateOhio initiative. The project plans to make the state of Ohio more tech-friendly for Ohioans who want to increase online transactions and increase job opportunities.

“It’s good that you want the government to be more involved in your life, because it’s a reliable state. works much better. If you’re someone who wants the government less in your life, that’s still fine. While it will be destructive on the one hand, it will be constructive on the other hand, and it will be beneficial like saving money.”

“We want to be the state that everyone in the Midwest is heading towards.”

Husted Ohioans He also mentioned that blockchain will make things easier for them to share their information with the government.. Husted said that companies should also help in sharing information, and said that if blockchain creates a reliable space, agencies can work much easier.. Working this way will also reduce paperwork.

In his noon keynote, Ethereum founder Joseph Lubin talked about creating an online identity with blockchain.. You can click here to read more.

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