As Americans prepare to vote for their next president, Shytoshi Kusama, the lead developer of Shiba Inu, has launched an exciting plan to position the United States as a leader in blockchain technology. This initiative, called the Strategic Hub for Innovation in Blockchain (S.H.I.B.), invites influential figures like Elon Musk and Donald Trump to join in this ambitious vision.
In response to this announcement, Shib Coin has seen a notable 6% price increase.
In a recent blog post, Shytoshi Kusama proposed to make the U.S. a leader in blockchain technology over the next five to ten years. It aims to create a dedicated hub that integrates both physical and digital infrastructure, similar to Silicon Valley, focused on blockchain development.
Building the Framework
To achieve this, the proposal outlines a dual approach to infrastructure development, which includes building modern labs, secure data centers, and high-speed connectivity.
To attract investments and foster business growth, the plan includes an economic framework with tax incentives, grants, and investment-matching programs for startups. Additionally, Kusama suggests forming partnerships between the public and private sectors to combine the expertise of businesses with government resources.
Education is a key aspect of Kusama’s proposal. He recommends partnering with universities to create strong blockchain education programs and investing in K-12 STEM education to prepare future innovators.
As per the proposal, the S.H.I.B. project is expected to bring in an investment of $1.3 billion to $2.35 billion over ten years. In the short term, this hub could create about 5,000 jobs in areas like administration and construction, adding $500 million to the economy.
In the medium term, it plans to grow to 20,000 high-skilled jobs, contributing nearly $2 billion each year.
In the long run, Kusama sees the hub becoming a self-sustaining engine that could add over $5 billion annually to the economy.
Shib Coin price jumped 6% after the Shiba team revealed its exciting new proposal. Right now, Shiba Inu is trading at about $0.00001759, showing a solid rise in just 24 hours.
With Shiba Inu’s price climbing, everyone is watching to see if it can break through the $0.000020 resistance level. Speculation about a Donald Trump win could heat up demand for memecoins, boosting the chances for another SHIB rally as the elections get closer.
The stage is set, the players are in place. Now, let’s see if Shiba Inu can deliver on its ambitious promise.
UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…
Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…
According to historical footprints in the global crypto market, festive seasons are always important for…
