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11/13/2021

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The City Of Philadelphia Launches Its Own Blockchain Initiative

City officers said they’re in search of feedback from crypto innovators on how to combine blockchain inside the municipal government. The city of Philadelphia’s chief innovation officer, Mark Wheeler, announced an initiative on Monday to bring blockchain technology to the city...

The City Of Philadelphia Launches Its Own Blockchain Initiative

The City Of Philadelphia Launches Its Own Blockchain Initiative CMN

City officers said they’re in search of feedback from crypto innovators on how to combine blockchain inside the municipal government.

The city of Philadelphia’s chief innovation officer, Mark Wheeler, announced an initiative on Monday to bring blockchain technology to the city government. The undertaking has invited people working in the blockchain and smart contract area to contact staff working on the project to see how crypto expertise might be helpful throughout the municipal authorities. Wheeler tweeted that he was impressed by the blockchain-forward efforts of Miami, where Mayor Francis Suarez has touted city-specific crypto tokens as a possible substitute for taxes and has opted to receive his next paycheck in Bitcoin (BTC).

The city’s website encompasses a background info section about crypto that includes Satoshi Nakamoto’s Bitcoin white paper, Vitalik Buterin’s Ethereum white paper, a 21-minute introductory video from Andreessen Horowitz and a link to the Web3 Foundation website. There isn’t a set timeline for the way lengthy the exploratory part of the gambit will last. In an interview with StateScoop, Wheeler said, “I’m trying to get a very good sense of the use circumstances, and why there might be a worth proposition here, and that’s what the website is all about. We’re ready to talk.”

The City of Brotherly Love is simply the newest municipal authority to enter the crypto sphere. Monday’s launch comes on the heels of newly elected New York City Mayor Eric Adam’s announcement that he hopes crypto literacy will be taught in public schools. Following Suarez’s lead, Tampa Mayor Jane Castor plans to settle for her next paycheck in Bitcoin as well. In the meantime, Jackson, Tennessee introduced again in April that it might examine the adoption of crypto payments.

Source: Cointelegraph

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