U.S. Blockchain Coalition (USBC) Releases Inaugural State of Web3 Report
The U.S. Blockchain Coalition (USBC) has just released the first-of-its-kind “State of Web3” report, a comprehensive overview of the Web3 landscape, “which represents a significant milestone in [the] collective journey [of the] industry.” The report provides state-by-state ecosystem scorecards, with in-depth insights into the presence and growth of the industry in each state, aligned by region with the six regional offices of the US Economic Development Agency. The report includes a section on Connecticut, which “has large financial incumbents and notable Web3-related venture capital activity." See the spotlight on the state of Connecticut here.
The U.S. Blockchain Coalition (USBC) is a multi-state coalition whose goal it is to “unite the various stakeholders and foster clarity” in the emerging blockchain industry. This report, prepared in collaboration with Moonbeam innovation consultancy firm, seeks to “drive change and foster data-informed conversations and narratives” and “to provide a comprehensive overview of the Web3 landscape, supported by robust datasets and rigorous analysis” and “a baseline dataset from which the industry can build.”
In her introduction to the report, Arry Yu, Executive Director of the U.S. Blockchain Coalition, describes the origin of the coalition: “In 2021, Lee Bratcher, President of the Texas Blockchain Council [and CT Blockchain Association Advisory Board Member], and I came together to create a multi-state coalition to unite the various stakeholders and foster clarity in this exciting industry – the U.S. Blockchain Coalition (USBC). Starting within the gracious auspices of Washington Technology Industry Association (WTIA), one of our key goals was to build bridges across different emerging technologies like blockchain and distributed ledger technology to industries that are best able to apply the technology. We leverage WTIA history, its perspectives, deep experiences, and strategies.”
“The USBC is the only organization with a multi-state focused approach, leveraging hyperlocal relationships in over 46 states to seek consistent policies at the state level through alignment on public policy and legislative priorities. Led by representatives from Texas, Washington, California, Florida, Wyoming, Virginia, Alabama, and Pennsylvania, the USBC highlights and catalogs use cases, provides accessible education to policymakers, builds relationships with regulatory bodies and agencies, and proactively seeks new partnerships with industry, government, academia, entrepreneurs and investors to meaningfully grow the sector across the country.”
