\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G. Gresta, former SWIFT CEO Leonard Schrank, and Ledger president Pascal Gauthier.
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The company will assist startups with initial coin offerings (ICOs), business development plans, marketing and public relations.
In a statement, co-founder Nicolas Cantu explained, “At a time when the President and the Government want to make Paris the capital of the ICOs, Chain Accelerator is positioning itself as a key player. By setting up a global and operational network in Paris, it brings together the best talent, extends the circle of contributors, and prepares for disruptions to help blockchain projects develop protocols in all sectors.”
France has been relatively mixed when it comes to blockchain and cryptocurrency culture. Bruno Le Maire, the Minister of the Economy and Finance, has been particularly wary of cryptocurrencies in the past, and has called on regulators to implement strict rules when it comes to governing and controlling their activities.
In May, however, Le Maire expressed a drastic change of heart in a blog post[2] for a French startup, writing:
“A revolution is under way, of which Bitcoin was only the precursor. The blockchain will offer unprecedented opportunities for our startups. I was a neophyte a year ago, but now I’m passionate. Let us show a lot of pedagogy with our fellow citizens to make France the first place of blockchain and crypto-active innovation in Europe.”
The integration of Chain Accelerator in France could help Paris become[3] a major hub for blockchain development. Currently, the executive board of Chain Accelerator consists of over 30 individuals who will
