Before cryptocurrencies and blockchain technology existed, Austin and the surrounding area had the conditions to make it ripe for opportunity for the right tech firms. Computer manufacturer Dell is located in nearby Round Rock, and in October, Elon Musk announced he would be moving car manufacturer Tesla’s headquarters close to the city’s international airport. Major tech companies including Facebook, Google, IBM, Oracle and Hewlett Packard also have regional offices in Austin.

Before cryptocurrencies and blockchain technology existed, Austin and the surrounding area had the conditions to make it ripe for opportunity for the right tech firms. Computer manufacturer Dell is located in nearby Round Rock, and in October, Elon Musk announced he would be moving car manufacturer Tesla’s headquarters close to the city’s international airport. Major tech companies including Facebook, Google, IBM, Oracle and Hewlett Packard also have regional offices in Austin.