The pseudonymous lead developer of SHIB, known as Shytoshi Kusama, has unveiled an extensive proposal for establishing a Strategic Hub for Innovation and Blockchain (S.H.I.B.) within the U.S.
Lucie (@LucieSHIB), the Shiba Inu marketing lead, shared the plan on X. Detailed in a recent blog post, the plan outlines a vision for implementing blockchain technology at a municipal level, with the potential for nationwide expansion.
Comprehensive Implementation Strategy
The proposed initiative, which carries an estimated implementation cost between $1.3 billion and $2.35 billion, encompasses a 5-10-year development timeline. While the proposal shares its acronym with the popular cryptocurrency, it notably does not incorporate the SHIB token into its framework.
The strategic hub aims to position the U.S. at the forefront of blockchain innovation. This would be accomplished through substantial improvements to national cybersecurity infrastructure and the development of advanced digital communication systems.
This contrasts with the U.S. Securities and Exchange Commission (SEC) approach. The SEC has attacked many U.S.-based crypto companies, claiming to be regulating the industry while causing confusion and failing to provide a proper framework or guidelines.
Many in the crypto world including Ripple CEO Brad Garlinghouse have called out the regulator’s hypocrisy. So, if the U.S. wants to be at the forefront of crypto innovation, something needs to change.
The proposal also emphasizes the implementation of blockchain-based protection for critical infrastructure and the creation of next-generation internet technologies.
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Economic and Development Framework
The proposal presents a structured timeline for implementation, dividing objectives into three distinct phases. The short-term goals span the first two years, followed by medium-term objectives extending through five years, and long-term aspirations reaching beyond the five-year mark.
A comprehensive regulatory framework, economic incentives, and professional development programs are central to the proposal. The initiative emphasizes sustainable practices, aligning with national environmental objectives while promoting economic growth.
According to Kusama’s proposal, a blockchain hub establishment would serve multiple national interests. The initiative would generate high-skilled employment opportunities while strengthening national security measures.
The plan specifically targets initial implementation within a single U.S. city, serving as a prototype for potential nationwide expansion. This approach allows for careful monitoring and optimization of the program before broader deployment.
Kusama intends to present this proposal to the incoming U.S. presidential administration. He uses the blog to share this with the global crypto community.
Presidential support for this initiative would secure the nation’s position as a leader in blockchain technology, bring significant advancements, and ensure sustainable development for future generations.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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