Media Commentary

Authority on frontier technology and next-gen marketing

Blockland initiative faces an uphill battle in Northeast Ohio

 

CRAIN’S CLEVELAND

The grassroots Blockland initiative's goal of transforming Northeast Ohio into a blockchain-minded tech hub faces some tough challenges, particularly when it comes to competing with coastal markets where a tech sector is already deeply woven into the economic and cultural fabric.

So despite the high rate of startup failures across the United States, when word got out that Cleveland's Votem Corp. — which has been developing and managing online and mobile voting platforms and applying blockchain technology to them — abruptly laid off effectively its entire staff of about 70 because it couldn't make payroll, observers may speculate how that reflects on the ambitious goals of Blockland.

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