Block.one, a provider of blockchain software, is set to establish its headquarters in Arlington County.
According to Gov. Ralph Northam, Block.one will invest $10 million for the project which will bring about 170 new jobs over a period of three years. Virginia had successfully competed with Washington, D.C. for this million-dollar project.
“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,” Northam said in a news release. “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 publisher of the fastest public blockchain protocol in the market, the EOSIO blockchain software, has locations in various parts of the world including Hong Kong and Los Angeles. Their location in Arlington will complement the company’s major presence in Blacksburg, where it has employed more than 80 engineering, research, and development workers at the Virginia Tech Corporate Research Center.
Block.one’s Chief Operating Officer, Andrew Bliss said that the company will continue to expand its presence in the U.S where it will create high-skill jobs. “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 welcomes Block.one, and the jobs it will create in our community,” said Arlington County Board Chair Christian Dorsey.