Blockchain News

Block.one Floats New Headquarters in US

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Block.one LLC has announced that it has opened new headquarters in the United States to carry out operations in Arlington, Virginia. According to reports, with the opening of new headquarters, at least 170 jobs will be created in a time-span of 3 years.

The headquarters of Block.one is precisely located in Washington, D.C. metropolitan area. It happens to be the fourth global site of Block.one.

Recently, Virginia’s Governor Ralph Northam asserted that Block.one is likely to invest approximately $10 million in Arlington location. He also expected that the new headquarters will help in boosting the reputation of Virginia in the IT sector. According to Ralph Northam, Block.one qualifies to get a Major Business Facility Job Tax Credit for the creation of new and full-time jobs. He has also endorsed a grant worth $600,000 from the Commonwealth’s Opportunity Fund to help Arlington County with the project.

Presently, Block.one has hired over 80 engineering and research development employees in Blacksburg, which is based in Virginia. It will continue to remain a vital innovation hub for the company.

According to a report by Cyberstates 2019, Virginia is placed at the second spot in the country with the maximum number of tech employees which accounts for 10.7 percent of the Commonwealth’s total employment base. They help in producing a whopping $62.7 billion in direct contribution to its economy.

Soon after the opening of the new headquarters Block.one, CEO Brendan Blumer said,

“We are excited to be setting up Arlington, Virginia as our U.S. headquarters. The region boasts a rich combination of security, engineering, and IT skills that we seek, and its proximity to the nation’s capital positions us close to the policy innovation around digital assets and distributed ledger technology in the U.S. This expansion opens up important new avenues of talent expansions for us at a time when there is rapidly increasing demand for blockchain-based technologies.”

Earlier, Block.one announced the launch of the latest social media platform Voice. Block.one launched Voice, a blockchain-based social media platform in the month of June this year. Very little details have been made available about Voice so far. Meanwhile, the month also witnessed Block.one shelling out a huge $30 million in cash to buy the new domain name Voice.com.

Block.one has emerged as a leading software engineering company and attained specialization in high-performance blockchain software. Earlier in the year 2018, it introduced EOSIO which is an open-source and free protocol to bring high speed and ease of use to the safe and transparent basics of distributed databases.

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