The “100 Resilient Cities Project” (https://www.100resilientcities.org/) was created by the Rockefeller Foundation in its centennial (2013), earmarking $ 100 million to help 100 cities transform and be more resilient (100RC). 100RC is dedicated to helping cities around the world become more resilient to the physical, social and economic challenges that are a growing part of the 21st century. In Brazil, the cities of Porto Alegre, Salvador, and Rio de Janeiro are part of this group.
The 100 resilient cities project has four pillars:
Digital Currency Project:
Porto Alegre is the only city in Latin America allocated with a project for digital currency.
From the entire network of 100 Resilient Cities, five were selected: Porto Alegre (the only representative in Latin America), Belfast (Northern Ireland), Addis Ababa (Ethiopia), Cape Town (South Africa) and Milan (Italy). Of these five, two will be chosen to develop a pilot project for six months.
The 100 Resilient Cities project for digital currency is a partnership with the Israeli blockchain startup Colu Technologies Ltd., and opened a call for cities to present initiatives for implementing a crypto-currency (digital currency), locally. The Municipality of Porto Alegre, through the Municipal Secretariat for Institutional Relations and Political Articulation (SMRI), wrote a project plan to implement a currency for the 4th District which has been approved.
If the Porto Alegre project is chosen, a digital currency will be implemented in the territory of the 4th District. “This currency values the entrepreneurs who invested in this initiative to improve business opportunities in the region. In addition, it will make the money stay there, stimulating the creation of a community identity for the residents of these neighborhoods “, according to SMRI.
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