Miami is collaborating with Ethereum to place metropolis companies on the blockchain

Episode 21 of Season three of The Scoop was recorded remotely with The Block’s Frank Chaparro, Mayor Francis Suarez of Miami. Ethereum creator Vitalik Buterin and Cryptex co-founders Preston Van Loon and Joe Sticco.

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Miami Mayor Francis Suarez turned heads earlier this yr when he stated he wished the Florida metropolis to add bitcoin to its treasury

Now, Suarez is pushing a dedication for town to discover crypto by turning his consideration to Ethereum. According to a brand new episode of The Scoop, Ethereum creator Vitalik Buterin and Suarez introduced that they’ve launched into a brand new collaborative undertaking targeted on metropolis companies.

To make certain, it is early days for the initiative, however the two have met on two events now and talks in regards to the scope of the initiative proceed.

“We’re trying to come up with a project that goes through the foundation and directly with Ethereum that we can do with the city,” stated Suarez. “We want the city directly involved in a way that demonstrates the applicability of the software so that we can continue to provide better services for our residents.”

There’s a little bit of historical past underpinning the developments: it was in Miami that Buterin, in 2014, first unveiled Ethereum to the world throughout a presentation on the Bitcoin Miami convention. 

According to Suarez, decentralized info programs have gotten a precedence for Miami, particularly with looming safety considerations just like the upcoming hurricane season.

During this week’s episode, Suarez and Buterin, together with Cryptex founders Preston Van Loon and Joe Sticco, additionally mentioned:

  • How the Ethereum ecosystem may help create jobs in Miami
  • The methods through which decentralized programs would profit town, just like the switch of title data for actual property
  • Why now could be the time to begin constructing a undertaking like this regardless of Ethereum’s scalability points
  • How Florida is attempting to affix Wyoming in turning into the subsequent regulatory bastion for crypto.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is supplied for informational functions solely. It will not be supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.

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