Inspired by Miami’s launch of a city token, MiamiCoin, Philadelphia’s chief innovation officer, Mark Wheeler, announced an initiative to bring blockchain and Web 3.0 technology to city governance.
Wheeler is currently conducting a discovery process in order to meet with blockchain and Web 3.0 technology developers in order to better understand the use cases and value proposition for the Philadelphia municipal government. The city’s website has also been updated with a section dedicated to blockchain and Web 3.0 resources.
Miami Mayor Francis Suarez, who sees MiamiCoin as a potential replacement for tax payments, inspired Wheeler’s move, according to Wheeler. Suarez has also made arrangements to receive his pay in Bitcoin. As of August, MiamiCoin had contributed more than $7 million to the city’s coffers.
New York City has crypto and blockchain ambitions, as evidenced by the launch of NYCCoin this week, which follows in the footsteps of Miami.