On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given to volunteers who help Dublin prosper.
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Dublin Ohio Plans to Launch a Token Using the Simple Ledger Protocol on Top of Bitcoin Cash
The Bitcoin Cash community has learned of a new SLP token used by a local U.S. government. Joshua Green, the creator of Bitcoin Verde, a full node client built from the ground up, announced that the city of Dublin Ohio plans to launch a city token built on the BCH network. When Green explained the project to the BCH community on Monday, he detailed that the token’s goal is to provide three functions for the residents of Dublin: digital identity, electronic polling system, and a token of value. Speaking with news.Bitcoin.com, Green noted that the Dublin token is actually a part of an RFP that Dublin published in October of last year.
“For their identity mechanism, we decided to use the same digital signature technology as the one used in Bitcoin (the Secp256k1 curve) because it’s gone through its trial-by-fire with the Bitcoin networks, and has a lot of community support, tools, and libraries,” Green said. “Plus it was something we had worked with already when building Bitcoin Verde. The intent behind the Dublin identity is to provide a digital means for identification that puts users in control of their data — allowing them to control if it’s shared and with whom, and even a way to revoke access to their data.”
“Dublin’s public polling mechanism uses their identity system to create anonymous ‘second identities’ and RSA keys to encrypt their responses, which allows them to be anonymous but also gives the user the ability to prove they’ve participated without revealing what their response was — Dublin intends for the public polling to be a tool for receiving feedback from the people about past and upcoming decisions,” the Bitcoin Verde developer explained. “An example we use internally is often asking: ‘What are your thoughts about the new roundabout on 33 and Riverside?’ We also envision this system to be useful for HOAs (Homeowner Associations) to set new policies (all without the city’s involvement).” Green insisted:
The Dublin token is intended to be a reward and barter system for Dublin’s citizens — to incentivize positive behavior. For instance, citizens may receive ‘Dublin Points’ for participating in volunteer programs and can use the points in exchange for city-branded swag, for priority parking, or can be redeemed by vendors for goods or rewards.