By PYMNTS
Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective, for instance, is looking to establish the Texas city as a hub for blockchain innovation. “When blockchain technology is discussed, we want Austin to come to mind, just as centers like Silicon Valley, NYC, Toronto … are thought of,” Pete Harris, the organization’s co-founder and executive director, told PYMNTS in an interview.
Approximately 140 firms that are involved in blockchain technology and crypto assets have a presence in Austin, Harris said.