The city of Philadelphia rolls out its own blockchain initiative

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Metropolis of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to convey blockchain know-how to metropolis authorities on Monday. The mission has invited individuals working within the blockchain and sensible contracts area to contact workers engaged on the mission to see how crypto know-how may very well be helpful inside municipal authorities. Wheeler tweeted that he was impressed by the blockchain ahead efforts of Miami, the place 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

The town’s web site incorporates a background informationally part about crypto that features Satoshi Nakamoto’s bitcoin white paper, Vatalik Buterin’s Ethereum white paper, a 21 minute introductory video from Andreessen Horowtiz and a hyperlink to the Web3 basis web site. There isn’t a set timeline for the way lengthy the exploratory section of the gambit will final. Wheeler said “I’m attempting to get an excellent sense of the use circumstances, and why there may very well be a price proposition right here, and that’s what the web site is all about. We’re prepared to speak.” in an interview with StateScoop.

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The town of cohesion is just the most recent municipal Authorities to enter the crypto sphere. Monday’s launch comes on the heels of newly elected NYC 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 accept her next paycheck in bitcoin as nicely. In the meantime Jackson, TN introduced it could investigate the adoption of crypto payments again in April.