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Ohio, a US state, has given the world John Glenn, Rock & Roll Hall of Fame and Wright Brothers, and is also planning to add statements as "Silicon Valley of Cryptomonete" as soon as possible. Ohio – which is also known for its official nickname "Buckeye State" is optimistic that cryptographic technology and blockchain will significantly boost the economy to better standards. Recently, these bulls have allied themselves in the fields of investment, innovation, public policies and education. Innovation has played an important role in overshadowing the bear market in digital currencies, particularly Bitcoin (BTC). Ohio is more likely to change its official nickname (motto) to "The BTC State".
In 2018, Ohio was a bit more friendly with technological innovation, particularly cryptography and blockchain, which placed it on the world map. It wants to be like what Silicon Valley has done to California – it has a GDP of about 748 billion dollars. Technological transformation comes with some impacts on the economy that can not be overlooked and falsified.
Cleveland a fertile place for Blockchain
The state of Buckeye was the first state in the United States to accept all commercial enterprises and other financial institutions, which carry out their activities within the state to pay free encryption, in particular BTC, for taxes imposed by the state . Some of these taxes include utility tax, sales tax, passive tax and sales tax, according to
relationships. It is not OBLIGATORY that companies should be located in Ohio, but rather operate within the state.
This great came from the Ohio treasurer Josh Mandel, who has been working since 2011, recently
reported.
"Treasurer Mandel believes in addressing cutting-edge technologies to provide Ohiois with more options and facilities while interfacing with the state government," the website
revealed.
If all goes well, this move will allow more businessmen, investors, financial institutions to take full advantage of their talents and therefore economic growth. This effort will also facilitate the growth of technology such as information technology and augmented and virtual reality.
Since this is not a fight to be fought alone, Ohio needs more support from different sectors such as the education sector that will help to provide knowledge of the technological innovation of blockchain to people – in this case, Case Western Reserve University is able to help. For Cleveland.com, the university is evolving into a "Cleveland Blockchain & Digital Futures Hub".
Bernie Moreno was a Mercedes merchant
quoted in NPR say
"If you're going to have a blockchain startup, this is where you do it.If you're investing in startup blockchain, this is the place to invest in. If you're a developer [or] you're a student who wants to do blockchain development, Cleveland is where you do it. "
However, Jumpstart, a venture development entity based in Cleveland, paid particular attention to this suggestion, and is now directing a $ 300 million startup invested in Ledger (DLT) technology over the next 36 months.
