The City of Philadelphia Unveils its Own Blockchain Initiative November 11, 2021 November 11, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 11, 2021 by Kelly Cromley

The City of Philadelphia Unveils its Own Blockchain Initiative

The city’s Director of Innovation, Mark Wheeler, unveiled a new effort on Monday to integrate blockchain technology to the city government. The initiative welcomed persons who were involved in blockchain and smart contracts to get in touch with the project’s personnel to learn more about how crypto technology could be applied in municipal administration.

According to Roller’s tweet, the project is based on cutting-edge blockchain activities in Miami, where Mayor Francis Suarez proposed city-specific crypto tokens as a potential replacement for taxes and chose to get his next paycheck in bitcoin.

In addition to Satoshi Nakamoto’s bitcoin white paper and Vatalik Buterin’s Ethereum white paper, the city’s website also offers a 21-minute introductory video by Andreessen Horowtiz and a link to the Web3 foundation website. No specific time frame has been assigned for the duration of the exploration phase of the wagering venture.

“I’m trying to get a really good notion of the use cases and why there might be a value proposition here,” Wheeler explained, explaining the website’s aim. In an interview with StateScoop, we stated that we were “ready to discuss.”

The City of Brotherly Love is only the most recent municipal administration to venture into the crypto-currency space, according to the New York Times. The debut on Monday comes in the wake of an announcement by newly elected New York Mayor Eric Adam, who expressed his wish that crypto-literacy would be taught in public schools.

Following in the footsteps of Suarez, Tampa Mayor Jane Castor has announced that she will accept bitcoin as payment for her next paycheck. Meanwhile, the city of Jackson, Tennessee, has stated that it will begin investigating the use of cryptocurrency payments in April.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.