The post Shiba Inu Developer Visions a Blockchain ‘Silicon Valley’ in the US appeared on BitcoinEthereumNews.com.

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu network, has revealed plans to propose to the new presidential administration the creation of a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a US city. Kusama shared this vision on November 9, responding to reports that President-elect Donald Trump may establish up to ten “freedom cities” on federal land. How SHIB City Would Benefit The United States Last week, Kusama outlined his proposal for a strategic blockchain hub in the United States, designed to serve as a “Silicon Valley for crypto.” With an estimated budget of $2.35 billion over five to ten years, this initiative aims to establish the US as a global center for blockchain technology and sustainable development. “By leveraging blockchain’s transformative potential, this S.H.I.B. initiative aims to stimulate economic growth, create high-quality jobs, enhance national security, and reinforce the United States’ leadership in emerging technologies,” Kusama explained. The proposal outlines several initiatives, including collaboration between local and digital universities to develop specialized degree programs in blockchain technology. Additionally, it calls for investments in K-12 STEM education and workforce training programs to prepare a new generation for careers in the blockchain sector. The Shiba Inu developer’s proposal also highlights the need for regulatory clarity, a critical issue facing the industry. He advocates for clear, supportive regulation, suggesting a regulatory sandbox to allow companies to test their technologies under government oversight. The crypto hub is projected to attract startups and contribute significantly to economic growth. Over the first two years, it could generate $500 million and create 5,000 jobs. Within five years, the project could create 20,000 jobs while adding $2 billion annually to the economy. By this stage, essential facilities and infrastructure would also be in place. In the long term—five years and beyond— S.H.I.B. could become…

---

Filed under: News - @ November 10, 2024 10:10 pm