Blockchain technology has become ubiquitous, no matter what continent you are on. Current developments in the blockchain technology have made it quite suitable for mass adoption and enhanced the current applications while breaking the old technical barriers. The current trends of blockchain technology have also attracted the tech giants like Microsoft & IBM and number of other technology firms across the globe. As a result, as we had seen during the early time of internet, the number of blockchain startups and products are popping out from different nations. At that time, Silicon Valley had become the hub of internet startups, there are several cities we can also entitle as Silicon Valley for blockchain startups.

Here is the list of top countries/cities to work on blockchain startup.

6. Hong Kong (MatrixAI is registered in HK!)

Asia’s second largest and potential business hub decades-old rival to Singapore for the position as Asia’s premier financial center, Hong Kong is home to more blockchain projects, jobs, VCs, startups, and ICOs.

The MATRIXAI project is governed and supervised by the MATRIX Foundation. Registered in Hong Kong, the Foundation has separate departments to manage various aspects of the development and operations of MATRIX. The law firm, ReedSmith Richards Butler is the legal advisor to the Foundation on this ICO.

Hong Kong is one of the leading cities in terms of active crypto and blockchain investors globally but Hong Kong is still in a bottleneck situation when it comes to regulating the blockchain and cryptocurrency investments. Hong Kong is aiming to become Asia’s largest Fintech-friendly place and Hong Kong Monetary Authority (HKMA) has also established the number of initiatives to accelerate the Fintech industry. Though, the complicated financial regulation of Hong Kong’s Securities and Futures Commission (SFC) made it essential for blockchain startup to register and acquire the license for ICOs. In order to streamline the process, SFC and other government bodies have already started working and it will be soon enough compared with Singapore as one of the leading cities embracing the blockchain technology.

5. Toronto

The banking capital of the Canada, Toronto, is the home of the Blockchain Research Institute also known as Blockchain Canada with leading blockchain researchers from Zurich, Sao Paolo, and Mumbai. It is also home of the founder Ethereum, Vitalik Buterin, and its central blockchain community. Toronto does not dominate the list of cities with the highest number of ICOs issues but it is surely on its way to becoming the global Fintech center with current running projects like Aion, Jaxx, Paycase, and Tendermint. Moreover, the number of other blockchain startups are getting kickstarted which has attracted the number of programmers and computer scientist to start their carrier.

4. Tallinn

The number of small countries has harnessed the blockchain to bring ease and convenience in various fields of governance. Estonia is one of the many small countries adopted the blockchain to bring the digital identity, voting, and e-nation or e-residency projects. Various Fintech projects have already been started and Tallinn is being the leading Estonian city looming with several blockchain startups. The government is quite welcoming towards ICOs and blockchain projects and the crypto regulations, friendly enough, helping the Tallinn and Estonia to keep pace with the current trend. Moreover, the Estonian Cryptocurrency Association, a nonprofit organization of Estonia based in Tallinn is promoting the blockchain ecosystem not only locally but globally. And it made it one of the best places to work and get started with blockchain technology.

3. Dubai

Dubai is aiming to be the blockchain capital of the world by 2020 as stated by Aisha Bin Bishr, director general of Smart Dubai, a government office tasked with facilitating innovation in the emirate. “It is disruptive for existing systems, but will help us prepare for the future,” she says. Many government entities such as Dubai Police, Dubai Electricity and Water Authority, the Knowledge and Human Development Authority, etc. has started developing key infrastructure for the adoption of blockchain technology. The government of Dubai has an ambitious plan to move all government documents and systems onto the blockchain by 2020. The scheme to go paperless is part of its initiative to become a global leader in blockchain technology and boost efficiency across all sectors. The Dubai government has estimated that its blockchain initiative has the potential to save 25.1 million hours in productivity. This boost in efficiency will also help to cut back on carbon emissions. Dubai’s Global Blockchain Council (GBC) announced seven new public-private collaborations, combining the skills and resources of startups, local businesses, and government departments. All of these initiatives and blockchain-friendly ecosystem makes Dubai the best place to work in blockchain startup.

2. New York

The global financial hub, New York, is the home of the myriad number of blockchain startups.

In fact, it is one of few cities which has started implementing blockchain technology in Fintech. Today, New York has more than twice as many blockchain job postings as any other city in the United States and ranked second after San Francisco in terms of in terms of blockchain companies and funds. New York is one of the primary cities which as witnessed the Bitcoin and crypto scams and money laundering activities. Though, it has also witnessed the blockchain-based payment system by JP Morgan, a large number of crypto hedge funds and venture capital firms, and some mind-boggling projects like tZero and ConsenSys. New York, every year, attracts a number of blockchain and crypto events along with thousands of new starts ups and job openings.

1. Singapore

Singapore is the world leader in blockchain leaving cities like San Francisco and New York behind. The primary reason behind the turning of this former fishing village into living laboratory technological innovation is the government and its regulation which are more transparent and business-friendly than others. Singapore dominated the list of highest numbers of blockchain startups and ICOs. The Monetary Authority of Singapore (MAS) is one of the most active gov. entities that support the Fintech initiatives and attracts a significant number of blockchain startups from across the globe. Today, Singapore is recognized as the leading Fintech hub and will soon become Smart Financial Centre and the first Smart Nation. There is the number of other factors that apart Singapore from other nations when it comes to adopting the blockchain.

The name cities mentioned above are the most favorite cities of blockchain enthusiasts and computer programmers to start their carries. Apart from those cities, small nations like Gibraltar, Malta, Brazil, Denmark & Sweden, Germany, UAE, South Africa, and Japan are also in the list of blockchain and crypto enthusiast as well as the computer scientist to kick-start their carrier.