New York City launches digital assets advisory council to attract fintech jobs, as Mayor Eric Adams vows to harness technology for tomorrow to serve New Yorkers today.
New York City Launches Digital Assets Advisory Council to Attract Fintech Jobs
Mayor Eric Adams announced a new initiative to launch a digital assets advisory council aimed at bringing fintech jobs to New York City.
Eric Adams is an American politician who served as the 41st and current Mayor of New York City.
Born on January 17, 1960, in Brooklyn, New York, he became a police officer at age 23.
After retiring from the NYPD with the rank of captain, Adams entered politics.
He was elected as the Borough President of Brooklyn in 2013 and later won the mayoral election in 2021.
As mayor, Adams has focused on issues such as affordable housing, public safety, and economic development.
The Need for a Digital Assets Expertise
‘We want to use technology of tomorrow to better serve New Yorkers today,’ said Mayor Adams during a recent summit. ‘We have experts right here, and they are going to help us navigate solutions that serve our city.’ This statement highlights the importance of leveraging digital assets expertise to drive innovation and growth in the city.
Digital assets expertise refers to the knowledge and skills required to manage, maintain, and optimize digital assets such as images, videos, audio files, and documents.
This includes understanding file formats, compression techniques, and metadata management.
Experts in this field also have a deep understanding of copyright laws, licensing agreements, and intellectual property rights.
According to a survey by the Digital Asset Management Association, 70% of organizations experience 'digital asset-related issues' , highlighting the importance of having a skilled team to manage their digital assets effectively.
The Council’s Purpose and Structure
The council will consist of industry experts, with a chairperson yet to be announced. The council’s primary objective is to provide guidance on fintech-related matters and help attract businesses to New York City. Mayor Adams emphasized that the council will utilize the expertise available within the city to drive positive change.
New York City, located in the state of New York, is a global hub for finance, culture, and entertainment.
With over 8.4 million residents, it is one of the most populous cities in the United States.
The city's iconic skyline features the Statue of Liberty, Central Park, and skyscrapers like the Empire State Building.
Known as 'The City That Never Sleeps', New York City has a diverse economy, world-class museums, and a vibrant food scene.
Blockchain Integration and Job Creation
The city plans to explore the use of blockchain technology for various applications, including putting birth and death records onto a blockchain to facilitate easier access by next-of-kin. This initiative aims to demonstrate New York City’s commitment to innovation and create new job opportunities in the fintech sector.
Andrew Durgee, co-CEO of Republic, expressed his firm’s confidence in staying in New York despite regulatory concerns. He noted that the city is now attracting ‘smart, brilliant people’ who are looking for a place to establish themselves.
A New Era for Fintech in New York City
New York City’s decision to launch a digital assets advisory council marks an exciting new chapter for fintech in the Big Apple. By leveraging expert advice and embracing innovative technologies like blockchain, the city is poised to attract businesses and talent from around the world.
- coindesk.com | NYC Mayor Eric Adams Is Creating a Crypto Advisory Council
