Highlighting and cataloging use cases of blockchain across the U.S., providing education to policymakers, and building relationships with regulators
Founded in June 2021, USBC focuses on best practices, community building, and grassroots education related to digital assets, crypto, and emerging technologies. It strives to partner and work with local and national organizations to promote better understanding of such emerging technologies and support creating business and job opportunities for many.
A new report from the United States Blockchain Coalition (USBC), a first-of-its-kind organization built to drive multistate collaboration and maintain American leadership in digital asset, Bitcoin, and distributed ledger technologies (DLT), illustrates increased traction around enterprise applications of blockchain technology and burgeoning research and development investment. Prepared by innovation consultancy firm Moonbeam Exchange, the report, The State of Web3 - Economic Activity Analysis Across the U.S., explores the current Web3 landscape within each state, showcasing investment and startup activity, innovation ecosystems and academic research.
The report finds Web3 is no longer a nascent industry, but one with a significant footprint and impact on the broader economy and workforce. This growth is largely driven by startup activity, but investment from incumbents continues, with 276 of Fortune 1000 companies focusing on Web3 research and development (R&D). Sectors like finance, technology, retail, media, and healthcare are the most active in the sector. Since 2008, the Web3 industry has created more than 200,000 jobs and received over $107 billion in capital investments.
Founded in June 2021, USBC is the only national organization with a multi-state focused approach, leveraging hyperlocal relationships in 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.
Leveraging the strength of collective advocacy and deep-rooted relationships across 46 states, USBC effectively dismantles fragmentation and silos, paving the way for consistent state-level policies through alignment on public policy and legislative priorities.
Recognizing the pivotal role that state-level organizations and legislators play in defining the regulatory and adoption landscape, GBBC and USBC will collaborate to amplify their collective influence across the U.S. Under GBBC's guidance, USBC will leverage the expertise and insights of GBBC's 500+ institutional member community and gain access to GBBC's comprehensive collection of educational resources. In turn, USBC's extensive grassroots network will bolster GBBC's relationships and advocacy initiatives across the U.S.
USBC has a proven track record of delivering valuable outputs to its members and the broader Web3 community. USBC hosts an annual Multistate Policy Conference, providing a platform for discussing policy priorities, sharing best practices, and addressing challenges agency coordination and advocacy. Additionally, USBC has released a comprehensive "State of Web3" report offering in-depth state-by-state analysis of Web3 activity, along with maintaining a use case catalog to educate lawmakers and legislators.
GBBC’s extensive global member community will have the opportunity to participate in USBC's activities and contribute to USBC projects. If you or your organization are interested in getting involved with USBC, please contact membership@gbbcouncil.org.
Global Blockchain Business Council (GBBC) is the largest leading industry association for the blockchain technology and digital assets community. Launched in Davos in 2017, GBBC is a Swiss-based non-profit, with more than 500 institutional members, and 231 Ambassadors across 109 jurisdictions and disciplines. The organization is dedicated to furthering adoption of blockchain technology by convening regulators, business leaders, and global changemakers to foster collaboration and advance dialogue to create more secure, equitable, and functional societies.
GBBC Digital Finance (GDF) is the UK-based, global financial services division of GBBC. GDF focuses on the adoption of best practices for cryptoassets and digital finance technologies through the development of conduct standards in a shared engagement forum with market participants, policymakers, and regulators.
InterWork Alliance (IWA), an initiative of GBBC, empowers organizations to adopt and use token-powered services in their day-to-day operations, across use cases and networks, bringing inclusivity to globally distributed applications.
BITA Standards Council (BITA) is GBBC’s global transportation and commerce initiative. GBBC’s BITA initiative consists of global companies with a shared vision to leverage blockchain technology to define and grow open-source supply chain standards.
U.S. Blockchain Coalition, an initiative of GBBC and coalition of state blockchain associations, is led by representatives from Texas, Washington, California, Florida, Wyoming, Virginia, Alabama, and Pennsylvania to support local community building efforts and provide education resources and policy best practices at the state level.
Contact membership@gbbcouncil.org for any questions you may have.
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