The proliferation of blockchain startups and their mammoth ICOs show there’s a lot of interest in decentralizing applications and services. And though it’s an oxymoron, we’re now seeing a few “centers” of “decentralization” emerging — a handful of cities engaged in serious jurisdictional competition to become the prime innovation hub for blockchain-based technologies.
Places like Dubai, Singapore, and Zug, Switzerland are making efforts to position themselves in the lead, but Zug, known in blockchain circles as “Crypto Valley,” is currently the perceived leader. It is the home for crypto-powerhouses Ethereum, ShapeShift, Xapo, Tezos, Melonport, and Monetas, among numerous others. [ Venture Beat ]