As technology grows in popularity, the mayor of Texas’s fourth-largest city, Steve Adler, has directed the city to consider initiatives to bring Web3 into the city’s ecosystem.
Steve Adler has proposed two new initiatives to bring blockchain and cryptocurrencies into urban infrastructure and business processes. The first initiative aims to promote blockchain in Austin and bring the technology into the city’s ecosystem.
To that end, the mayor directed the administration to explore how Austin can use Web3 and blockchain in twenty areas ranging from smart contracts, supply chain management and insurance, to art, media, fundraising and identity verification.
“The City Manager is tasked with providing support to the city administration in creating an environment within the city and in the community as a whole that supports the creation and development of new technologies, including blockchain and other technologies, protocols and applications related to Web3,” the document says.
The second initiative involves directing the city manager to conduct a “study study” to find out how Austin can adopt a cryptocurrency policy. With these efforts, Adler likely wants to offer citizens to pay their bills with cryptocurrencies.
As part of this initiative, the city manager must find ways to legalize “acceptance of bitcoin or other cryptocurrencies as payment of municipal taxes, fees and fines.” According to Adler, this is the first thing to pay attention to when introducing blockchain and cryptocurrencies in the city.
The success of these two initiatives will depend on the impact of new applications on the daily lives of Austin residents. The proposals will be considered by the city council on March 24.
In the US, a growing number of cities are using new technologies to improve the lives of the population. So, in February, Philadelphia authorities announced that they were considering partnering with CityCoins to develop their own “city coin”.
In addition, last year, the city of Miami announced that they planned to launch a program to pay “dividends” to residents of the city in BTC. To do this, citizens must participate in the staking of the city’s cryptocurrency MiamiCoin.
In July, the city of Jackson, Tennessee announced that it was testing the possibility of integrating bitcoin into government systems. The mayor of the city sees bitcoin as a means to pay taxes and pay salaries to civil servants.
Source: Bits
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