Tuesday, February 20, 2018

Any adults at UC-Berkeley watching over this?

BERKELEY, Calif., Feb. 7, 2018 /PRNewswire/ -- Neighborly Corporation, a San Francisco-based public finance technology platform, today announced it is partnering with the UC Berkeley Blockchain Lab, and Berkeley elected officials, to launch the Berkeley Blockchain Initiative (BBI). The BBI will leverage blockchain technology to develop a first-of-its-kind tokenized municipal bond compliant with all regulatory requirements.

Through ongoing research and collaboration, the initiative will seek to identify ways that Neighborly's secure platform can be used to deliver low-cost, tax-exempt public finance offerings that could benefit residents of Berkeley and other municipalities. More importantly, the BBI will look to channel funds raised toward addressing some of the City of Berkeley's most pressing issues, including a lack of affordable housing and recent surges in its homeless population...

By working with Neighborly and the UC Berkeley Blockchain Lab, Berkeley is looking to harness the power of blockchain and the cryptocurrency movement for social good. Berkeley Mayor Jesse Arreguin commented: "Cities must look toward new funding methods to solve their most intractable problems, especially in the face of diminished federal support. Berkeley is proud to once again be leading the way in solving problems through public financing."...

Full release at

What could possibly go wrong with creating cryptocurrency at UC-Berkeley?

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