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Title: Blockchain Technology
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Seamlessly woven into the PayPal checkout flow, paying for Town

services such as permits, business licenses, facility rentals, and

more is now possible with cryptocurrency.

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Information on PayPal's new payment method.

PayPal Launches “Checkout with Crypto”

A New Way to Use Cryptocurrency at Millions of Businesses: Checkout with Crypto from PayPal

 

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Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore.

You can use crypto to buy regular goods and services, although many people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.

Source: https://www.forbes.com/advisor/investing/what-is-cryptocurrency/

 

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Blockchain is an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank-controlled payments.

Blockchain is a special instance of Distributed Ledger Technologies (DLTs), almost all of which have emerged in Bitcoin's wake.

Source: https://www.zdnet.com/article/blockchain-explained-in-plain-english/

 

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In accordance with Chapter 2019-140, Laws of Florida, the Florida Blockchain Task Force is established within the Florida Department of Financial Services to explore and develop a master plan for fostering the expansion of the blockchain industry in the state, to recommend policies and state investments to help make this state a leader in blockchain technology, and to issue a report to the Governor and the Legislature. The task force shall study if and how state, county, and municipal governments can benefit from a transition to a blockchain-based system for recordkeeping, data security, financial transactions, and service delivery and identify ways to improve government interaction with businesses and the public.

blockchaincover

pdf Introduction to Blockchain (1.27 MB)

Task Force Resources

September 23, 2019 - Meeting Agenda and Materials

October 28, 2019 - Meeting Agenda and Materials

December 13, 2019 - Meeting Agenda and Materials

February 21, 2020 - Meeting Agenda and Materials

 

Source: https://www.myfloridacfo.com/division/cos/blockchain-taskforce

 

 

 
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