Digital Asset Pursues Blockchain Pilot for Welfare Benefits in Three U.S. States
Summary
- Digital Asset said it is pursuing a pilot project to integrate and distribute government welfare benefits in three U.S. states through a blockchain-based system.
- The project is the RISE program, short for Resources for Independence, Stability, and Employment, and will use the Canton blockchain.
- The pilot is awaiting federal approval and is targeting a launch in the first quarter of next year, while the three participating states have not been disclosed.
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Digital Asset, the developer of the Canton blockchain, is pursuing a pilot program in three U.S. states to integrate and distribute government welfare benefits through a blockchain-based system. The American Idea Foundation, founded by former U.S. House Speaker Paul Ryan, is participating in the project.
Cointelegraph reported on August 21 that Digital Asset and the American Idea Foundation are developing the RISE program, short for Resources for Independence, Stability, and Employment, to unify government-administered welfare benefits and assistance payments across three U.S. states.
RISE is considering a model that would combine multiple types of welfare benefits into a single payment issued once or twice a month. The system would use the Canton blockchain.
The pilot is targeting a launch in the first quarter of next year and is awaiting federal approval. The three participating states and the specific welfare programs have not been disclosed.
