Blockchain Municipal Bond Plan Inches Forward With Berkeley Vote
- Council votes to direct city manager to evaluate venture
- California city could be first to apply technology to munis
Bitcoin: What’s Coming in the Year Ahead
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Berkeley, California, is inching closer to possibly becoming the first municipality to apply blockchain technology to public finance to raise funds for community projects.
In a unanimous vote Tuesday night, the City Council asked the city manager to evaluate the benefits of a pilot venture that may result in the city selling an undetermined amount of municipal bonds with the technology that underpins cryptocurrencies.