But perhaps no auto center has more to gain than Detroit, Michigan, whose auto industry was knocked to its knees in the early 2000s as U.S. vehicles were increasingly made abroad. Of the more than 100 MOBI members, Detroit-based GM employs 97,000 people around the world and neighboring Ford employs 199,000 people. Some innovators in Detroit are looking beyond the auto industry alone in their use of blockchain. The nonprofit organization registered in Michigan was founded by Detroit blockchain startups BitDepth Media, EOS Detroit, Totle and Kazzalogy and is currently pursuing its 501 (c) 3 tax-deductible status. Other blockchain startups taking root in Detroit include blockchain production company Grey Mass, building a platform to simplify building blockchain apps, and investors Blocktown Capital and Inveniam Capital.

Source: Forbes October 24, 2019 17:37 UTC