
Jakarta, Pintu News â California Governor Gavin Newsom recently announced the launch of the California Breakthrough Project, an initiative that aims to integrate blockchain technology in public services.
The project involves collaboration with leading crypto companies such as Ripple , Coinbase, and MoonPay. This initiative is expected to improve government efficiency and strengthen transparency in public financial management.
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The California Breakthrough Project is the first major step in combining state regulators with the crypto industry. In the inaugural meeting held at Rippleâs offices in San Francisco, discussions focused on using next-generation technology to address inefficiencies in public administration.
Ripple, with extensive experience in real-time payment systems and open systems, will take the lead in consulting on the integration of blockchain in the countryâs payment systems and financial processes.
Coinbase, which has expertise in digital asset management and secure wallet infrastructure, will share their experience to assist California in managing public money, payments, and verification with a blockchain-powered system. This initiative not only aims to modernize state services but also increase transparency in public financial management.
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MoonPay, famous for their crypto payment technology, will support the task force with solutions to improve user-facing services. Their technology has the potential to eliminate delays and ease citizensâ interactions with state platforms.
With nearly a quarter of North American blockchain companies already operating within the state, California hopes to become a national model for digital governance. The broader goal is to modernize state services and increase transparency.
Governor Newsom stated that California is in a unique position to âbring together the best and the brightestâ to lead this transformation. While it remains unclear how blockchain will be implemented, this effort highlights the growing interest in public-private partnerships and decentralized infrastructure.
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The initiative also coincides with a critical moment in federal crypto regulation, with the US House of Representatives considering a number of digital asset bills during âUS Crypto Weekâ. However, the initiative may face challenges, especially given D.O.G.E.âs widespread unpopularity.
Additionally, Democratic voters may not appreciate Californiaâs new relationship with Coinbase, which was previously close to President Trump.
Nonetheless, the California Breakthrough Project has an ambitious vision with Coinbase and Ripple, but it is not yet clear how this initiative will prove more successful than D.O.G.E. Hopefully this task force will find meaningful ways to implement new use cases for Web3 in local government.
With the launch of the California Breakthrough Project, California is at the forefront of innovation in the utilization of blockchain for public services. The cooperation between government and crypto industry leaders is expected to bring significant changes in the way services are delivered to citizens, promising a new era of efficiency and transparency.
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