Paul Ryan's Foundation Teams with Digital Asset to Revolutionize US Benefits Distribution via Blockchain
Digital Asset, creator of the Canton Network, and former US House Speaker Paul Ryan's American Idea Foundation have unveiled a groundbreaking partnership to implement a blockchain-based system for distributing state benefits across three US states starting in 2027. The RISE program aims to revolutionize how citizens receive and manage government benefits by combining multiple payments into monthly or bi-monthly transactions with specific spending rules applied to categories like food, childcare, and cash assistance.
This initiative marks a significant milestone in the adoption of blockchain technology by the American public sector, offering enhanced transparency, efficiency, and security in benefits administration. The system will automatically adjust benefit levels as household income changes and provide participating agencies with robust tools to track payments, balances, spending, and compliance data through Canton, while maintaining strict confidentiality of sensitive beneficiary information.
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