A New Crypto Innovation Hub Is Being Set Up In The USA

Bruno Wu, a Chinese investor is setting up a Crypto Innovation Hub in Hartford Connecticut. The total cost of the project is $300 million which is partly funded by the State Government of Connecticut for $10 million dollars, and the Beijing Based Chinese investments firm, Changshan Investments Group for $23 million. The balance is to be sourced from the parent company known as the Seven Starts Cloud where Bruno Wu is the CEO and Chairman.

About The Project And The Company

The SCC has already purchased the former University of Connecticut Campus premises on Asylum Avenue, West Hartford. The company intends to transform the property on the 58-acre piece of land its Global Headquarter where excellence in blockchains and digital solutions for the 21st-century era businesses will be obtained by clients from all over the world.

The SCC is a company that aims to become a global leader in incubating, innovating and developing high tech solutions for companies using the blockchain technology. The solutions that SCC is offering are to be the nexus for enabling clients to have digital assets in which they can distribute to their clients, Fintech solutions for financial management, Artificial Intelligence for machine learnings, etc.

Basically, SCC has a mission of being at the forefront of developing crypto assets for various industries. Their key role is to facilitate the transition of various industries from the traditional models to the digitalized and blockchain based ecosystems of business and commercial operations. The SCC is also a center of excellence acting as service providers of security and decentralized solutions that are core to the blockchain ecosystems.

The B2B relationships are the critical source of business for SCC as the company is in the business of serving other enterprises in need of the following:
• Intelligent Supply Chain Management
• Intelligent Digital Finance
• Fintech Trading Solutions
• Asset-Backed Tokenization and Securitization

The Location Is Ideal

According to Bruno Wu, Hartford Connecticut is an Ideal location given the fact that the company is targeting to train intelligent and upcoming Fintech professionals. This is because the region has an abundance of talents from the nearby Yale University, University of Connecticut, University of New Haven and the University of Hartford.

The SCC will be able to collaborate with these universities and get the relevant students with interest in Blockchain Technology and the Fintech field so as to train them to be developers and innovators of the new Crypto Hub. The number that the firm is sourcing from the Universities is a total of 330 students.

This Investment Signifies Good Days Ahead

From 2017, job listings with mandatory Blockchain technological competencies have soared by 6000%. This signals that the market is growing and with the current list of growing unfilled job vacancies, there might be a serious shortage of specialists. Therefore, SCC will be the primary service provider in the New England and the Nearby Great Lakes and New York Metropolitan Regions.

The investment is a testament of the investors’ confidence in the US crypt markets following the assurances and concerted efforts by the Securities and Exchange Commission to create a conducive business environment for crypto markets, unlike Brian Wu’s China.