Digital Asset Plans Blockchain Pilot for Welfare Benefits in Three US States
Summary
- Digital Asset is preparing a pilot project in three US states to integrate and distribute government welfare benefits through a blockchain-based system.
- The project is the RISE program, which would consolidate welfare and aid benefits, and the system is set to use the Canton blockchain.
- The pilot is slated to launch in the first quarter of 2027 and is awaiting federal approval, while the three participating states and welfare programs have not been disclosed.
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Digital Asset, the developer of the Canton blockchain, is preparing a pilot program in three US states to integrate and distribute government welfare benefits through a blockchain-based system. The American Idea Foundation, founded by former US House Speaker Paul Ryan, is taking part in the project.
Cointelegraph reported on Aug. 21 that Digital Asset and the American Idea Foundation are developing the RISE program, short for Resources for Independence, Stability, and Employment, to consolidate government-administered welfare and aid benefits across three states.
The RISE program is considering a model that would combine multiple types of welfare benefits into a single payment made once or twice a month. The system is expected to use the Canton blockchain.
The pilot is slated to launch in the first quarter of 2027 and is awaiting federal approval. The three participating states and the specific welfare programs have not been disclosed.
JH Kim
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