Miami Mayor announces new tech conference, builds on early adoption of blockchain

by | Jun 3, 2022


 

The City of Miami announced a partnership with Atlas, a leading Web3 infrastructure service provider, today to jointly announce the inaugural MiamiWeb3 conference, to be staged in Miami

The flagship conference will be the first of its kind in the region, facilitating a platform to discuss trends and topics emerging from the Web3 space, ranging from advanced business structure to transaction-based blockchain currency.

Another core topic on the agenda will be Web3’s environmental, social, and corporate governance (ESG) impact in the coming years, with a particular focus on how the Web3 revolution can foster improved financial, healthcare, and educational outcomes for global populations while also offering better tools for governing communities and societies.

“I am thrilled to welcome the inaugural MiamiWeb3 and Miami is honored to host this flagship conference,” said Mayor of Miami Francis Suarez. “Web3 is already transforming our everyday lives and the future of the global economy. Miami is now at the cutting edge of this revolution, and this annual Web3 conference—strategically synchronized with the Art Basel Miami festival–will keep Miami at the strategic forefront of Web3 technology in the years ahead.”

Proponents envision Web3 as an internet that does not require us to hand over personal information to companies like Facebook and Google in order to use their services. Blockchain technology and artificial intelligence, with all information published on the public ledger of the blockchain would power the web, according to PCMag.com.

Similar to how cryptocurrency operates, everything would have to be verified by the network before being accepted. Online apps would theoretically let people exchange information or currency without a middleman. A Web3 internet would also be permissionless, meaning anyone could use it without having to generate access credentials or get permission from a provider.

“We are witnessing a once-in-a-generation leap from Web2 to Web3. Investment is rapidly growing, as is the number of developers, projects, and institutions in the ecosystem,” said Raymond Yuan, founder and Chairman of Atlas. “As a company focused on underpinning the future of Web3, we believe it is important to bring the ecosystem together to discuss and shape its development in a sustainable and equitable way. There is no better place to do so than in Miami, which has fast become the hub for Web3.”

The City of Miami, along with its Mayor, have been eager adopters of blockchain technology, with a recent proposal for Miami residents to receive their paychecks and pay for their property taxes in bitcoin.

From investment firms to blockchain real estate loan companies, from Bitcoin ATM owners to international remittance firms, Bitcoin has gained a substantial foothold in Miami, in part due to the city’s status as an international gateway to Central and South America. Recent reports show that Miami is tied for third in the nation in total blockchain investments, trailing New York City and Silicon Valley, but the city is making a huge push to attract more dollars.

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