Bitcoin Forum
June 25, 2019, 06:57:34 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-06-16] The Public Sector is Embracing Bitcoin and the Blockchain  (Read 3887 times)
Eric Cartman
Hero Member
*****
Offline Offline

Activity: 731
Merit: 500


View Profile
June 17, 2017, 03:44:15 AM
 #1

Bitcoin and other cryptocurrencies have brought much needed innovation to the private sector. We have seen an entirely new market where fortunes are made and lost, where traders pour over charts, and where businesses can implement new technology previously unfathomable.

Though business was not always so quick to accept Bitcoin and the Blockchain. But as we all know that way it goes with any sort of worthwhile innovation: first they ridicule you then they attack you, then when they cannot beat you they copy or accept you. The public sector has been even slower to realize the potential of the blockchain, but it appears that it has finally begun to in a meaningful way.
The Chicago Blockchain Center

One recent governmental project that involves cryptocurrency and the blockchain is the Chicago Blockchain Center. It just launched a few days ago and it is an initiative among both private and public interests to educate the public and Chicago businesses about the power of the blockchain.

This non-profit organization hopes to further blockchain technology and implementation in the State of Illinois, a state that is known for startups but also for not having a budget going on two years now. It spawned from the Chicago Bitcoin Center, and now is looking to work closer with Illinois in spreading Blockchain technology technology considering that IL is one of the leaders in the United States for these kinds of efforts.

They have already made great strides. Illinois has clarified their rules and regulations surrounding Blockchain and cryptocurrency startups within the state. I expect great things from this initiative and project, and intend to follow them closely.
Montana to Directly Invest in Bitcoin Mining

Montana is known for many things, its size, its natural beauty, and its mining. But now it also may be known for its Bitcoin mining. On June 10th, Montana chose to approach Bitcoin and the Blockchain by allocating taxpayer money to invest in a data center for Bitcoin mining and Blockchain implementation testing.

This is huge. For a red state that does not like to throw around taxpayer dollars without deep consideration, this is an incredible show of faith in both the currency itself and the Blockchain in general. Just under half a million dollars will be granted to Project Spokane LLC to invest in equipment and employment to expand the Bitcoin network security services company.

States having their own stores of cryptocurrency or mining their own is exciting, but I do worry that it may be lumped in with the federal regulation against printing their own money. I realize the difference, but some may have problems with this.
The UN Uses Ethereum Blockchain to Distribute Aid to Refugees

The United Nations has recently distributed aid to refugees in Jordan by employing the Ethereum Blockchain. 10,000 individuals participated in a trial where food aid distribution was managed by the Ethereum Blockchain. While this is a larger testament to the power of the blockchain over the actual tokens many trade, it is exciting to see that these coins can do more than just make money and store wealth. In fact, they can actually help feed the hungry, they can help invigorate a governmental body desperately in need of invigoration, and they can create jobs for many.

In short, the Blockchain might just have started to show it can save the world.

https://themerkle.com/the-public-sector-is-embracing-bitcoin-and-the-blockchain/


1561489054
Hero Member
*
Offline Offline

Posts: 1561489054

View Profile Personal Message (Offline)

Ignore
1561489054
Reply with quote  #2

1561489054
Report to moderator
1561489054
Hero Member
*
Offline Offline

Posts: 1561489054

View Profile Personal Message (Offline)

Ignore
1561489054
Reply with quote  #2

1561489054
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561489054
Hero Member
*
Offline Offline

Posts: 1561489054

View Profile Personal Message (Offline)

Ignore
1561489054
Reply with quote  #2

1561489054
Report to moderator
iamTom123
Hero Member
*****
Offline Offline

Activity: 490
Merit: 501



View Profile
June 18, 2017, 04:41:26 AM
 #2

Something new and worthwhile can take time to get understood and to get accepted by a critical mass of people. Remember that Bitcoin was introduced just some years ago and what is happening now with blockchain can even be considered as rapid adoption compared to other new technologies in the past.

In the coming years, we can bear witness to the influx of industries and influencers  to be adopting the blockchain technology because this is quite revolutionary and can be so efficient and effective to use.

When people see the benefits they can gain from something, they would start to wonder why they have not joined the bandwagon. Soon this can be happening in the mainstream of the population as far as Bitcoin is concerned.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!