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For now, most crypto-savvy authorities are focusing on relatively modest projects. Philadelphia chief information officer Mark Wheeler was fascinated with crypto in 2018 after hearing about an effort to list a property records in Cook County, Illinois. decentralized database.
“Improving the quality of property-data management within city management is like the white whale I’m trying to catch,” he said.
Mr Wheeler stopped listening to NPR in the mornings and instead turned to crypto podcasts. In November, he invited crypto experts to propose initiatives for Philadelphia; The original Bitcoin whitepaper is now posted on the city’s website.
The fever spread across small-town America. Last year, Jalen Nelson, a 26-year-old crypto enthusiast, cold emailed 2,000 U.S. mayors, hoping to engage in discussions about blockchain technology. He got a response – Minn, a city of about 4,000 on the shores of Lake Superior. Chris Swanson, mayor of Two Harbors.
Mr. Swanson got the idea to start a decentralized autonomous organization or DAO — crypto investors community – this would save money to fund projects at Two Harbors in exchange for some form of voting rights on new ventures.
“Trying to build something can be really complicated and you end up going into the same pools of money over and over,” said Mr Swanson, 44. “Projects that the community wants to see can be done faster.”
Mr. Nelson, who has recently moved to San Antonio from California, has never set foot in Two Harbors, where winter temperatures can drop well below zero. (In a recent Zoom interview, he chose a tropical background with palm trees swaying in the breeze. “I told Chris I’d visit him in the warmer months,” he said.) For now, the project remains purely theoretical.
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