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Austin leaders back plans to explore city use of blockchain, cryptocurrency tech; support sector’s local growth

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Mayor Steve Adler (left) and District 6 Council Member Mackenzie Kelly (right) joined local technology industry members to discuss Austin’s engagement in the blockchain innovation space. (Ben Thompson/Community Impact Newspaper)

Austin is seeking to boost its presence in the blockchain and Web3 development space and could begin using cryptocurrencies in regular city operations, officials said during a March press conference centered on the city’s backing of the emerging tech systems.

Austin has already become a home for several blockchain and crypto-related businesses and events, and the city recently waded into the tech itself through work focused on managing the medical records of residents experiencing homelessness. Blockchains, globally linked digital data networks, have become prominent in recent years for data storage and transfers and are foundational for cryptocurrencies such as bitcoin.

Interest in blockchain, cryptocurrencies and Web3—a potential new blockchain-based version of the internet—has also grown in Texas as officials are seeking to further study, develop and…

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