BlocksInform
According to an official government document, the Mayor of Austin has directed the City Manager to help create an enabling government and community environment that supports the creation of new technologies like Blockchain and Web 3.0.
By making this move, the City of Austin’s government wants to put itself on the world digital finance map, like New York City and Miami; who have become actively involved in the Crypto industry over the past few months. As a result of this, the Mayor has ordered the City manager to conduct a “fact-finding study” on how the city can adopt Bitcoin.
The city’s involvement hopes to bring about equity, diversity, accessibility, and inclusion in this technology ecosystem; for the benefit of Austinites. Also, the city is putting no limits on how involved it can be in blockchain and web 3.0 related technologies, protocols, and applications.
Furthermore, The city compliments blockchain as a technology that allows secure storage and sharing of information on a digital ledger. Blockchain technology being the foundation of Web 3.0’s development is under development around the world; as people are beginning to look for more ways for its utilization. The Austin government also cites many potential uses of blockchain for private and public sectors as another reason for joining the race.
On the other hand; Austin already has Capital Factory, Stacks, DivInc, Women of Web3 and many other blockchain related companies in the city.
Austin receives grant to study Blockchain technology
Remember in 2017, the City of Austin’s Office of Innovation received a grant for blockchain technology research and development. The grant was focused on improving services and creating innovative solutions for people experiencing homelessness; And out of this work, delivered and has made public advancements that might well have practical applications.
The Robert Wood Johnson Foundation donated a $409,000 grant to the city’s office of innovation; To enable it to study the relationship between technology, infrastructure and health. The grant aims to test the functionality of blockchain-enabled digital identity platforms; while working with local and international partners and groups. The city seeks to examine how blockchain’s security feature can help secure identity documents in case of loss. And also ultimately help grant access to social and health services, thus preventing and maybe even end homelessness.
- Trending
- Price Analysis
- Austin, Texas To Support Blockchain And Web 3.0 Technologies
- Breaking: EU Votes Against Banning PoW Crypto Tokens In MiCA Bill
- Terra Founder Bets $1 Mln On LUNA Price Staying Above $88 Until Next Year
- Solana NFT Marketplace “Magic Eden” Plans To Raise $27 Million From Sequoia Capital
- Ukraine To Create NFT Museum Symbolizing Russia’s Invasion
- BTC Holders Not Selling Amid Market Correction As Bitcoin’s Illiquid Supply Rises 3.2X
- Live News: EU Votes On MiCA, Proof-Of-Work (PoW) Ban Amid Heavy Crypto Backlash
- “Won’t Sell Bitcoin, Ethereum or Doge”- Elon Musk
- Crypto Market Enters Correction As EU Mulls Banning Bitcoin and PoW Crypto
- El Salvador’s 10-Year Bitcoin (BTC) Bonds Coming This Week, Here’s What At Risk
- MANA Price Prediction: Wedge Pattern Breakout Hints A Rally Beyond $2.8
- Ethereum Price Prediction: ETH Price May Jump 20% From Key Support, Downside Remains Capped Near $2,500
- Graph Price Prediction: Will GRT Price Reclaim $0.4 Mark?
- LUNA Price Prediction: Regains Upside Traction Near $95.0; Attempt To Revisit Record Highs Above $104.0
- DOGE Price Prediction: DOGE Price Rises By 10% Following Elon’s Tweet; Will It Break $0.135 Resistance?
- Bitcoin Price Prediction: Defends $37k Support Level; Keep Eyes On $42K Next
- XRP Price Prediction: Can Symmetrical Triangle Breakout Push XRP Price To $1 Mark?
- Bitcoin Price Prediction: Make-Or-Break Moment For BTC As Charts Form Doji Candle Pattern
- Ethereum Price Prediction: ETH Traders Await Triangle Pattern Breakout; Hold Or Sell?
- MANA Price Prediction: Symmetrical Triangle Pattern Breakdown Threatens 15% Fall; Should You Sell Now?
