SITE SEARCH:
video overview
ADS

IIr Associates, Inc.
Publisher of The Virginia Engineer

Print-Publishing Services
Web Site Design-Coding-Hosting
Business Consulting

Phone: (804) 779-3527
sales@iirassoc.com
iirassoc.com

NEWS
Firm Announces $10 Million Investment To Establish U.S. Headquarters
October 10, 2019

Block.one, a leader in providing high-performance blockchain software, has announced the firm will invest $10 million and establish its U.S. headquarters in Arlington County.

A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

Block.one is the publisher of the EOSIO blockchain software, the fastest public blockchain protocol in the market. The free, open-source protocol is designed to be adapted and used by the developer community and companies to create a more secure and transparent digital infrastructure. Block.one has locations around the world, including Hong Kong and Los Angeles, and the Arlington location complements the company’s significant presence in Blacksburg, Virginia, in the heart of the Virginia Tech Corporate Research Center.

“Block.one continues to expand its presence in the U.S., where we are creating high-skill jobs,” said Block.one Chief Operating Officer Andrew Bliss. “Our decision to open our U.S. headquarters in Virginia underscores our commitment to investing in the economic growth of the Commonwealth, and our confidence in the talented workforce and support of local leadership. Arlington’s proximity to Washington, D.C. also allows us to continue building constructive business and government relationships as we provide insights for the application of blockchain based technologies. We are excited to be heading down new paths of growth.”

In response to the announcement, Governor Ralph S. Northam said, “Block.one maintains a strong presence at its Blacksburg operation, and we are thrilled that this global company will expand its footprint in Virginia by locating its U.S. headquarters in Arlington County. Blockchain and other technologies are rapidly evolving, and industry pioneers like Block.one help to bolster the Commonwealth’s reputation as a leader in the information technology sector. The company’s continued growth in Virginia is a tremendous testament to the flourishing high-tech talent pool that is prevalent in diverse regions of the Commonwealth, from the New River Valley to Northern Virginia.”

The Virginia Economic Development Partnership worked with Arlington County to secure the project for Virginia. Governor Northam approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist Arlington County with the project. The company is also eligible to receive a Major Business Facility Job Tax Credit for new, full-time jobs created.


  ------   News Item Archive  -----  
 
 
The Virginia Engineer on facebook
The Virginia Engineer RSS Feed