The local officials from Douglas County join this week’s roundup of the best cryptocurrency news – with their decision to build a blockchain innovation campus. As The Seattle Times first reported on January 11, the county is already used to hosting a substantial crypto mining industry.
Moreover, crypto miners have been attracted to central Washington counties because of the access to cheap hydroelectricity-generated power which makes mining more profitable in this area. However, since the mining is now down by a lot, The Seattle Times writes that local officials hope that blockchain can power a less volatile industry.
The article also cites Lisa Parks who is the executive director of the Port of Douglas Country. As Parks believes, “there is more to the [cryptocurrency] story than the boom and the bust,” explaining the potential benefits that these technologies may bring to the world.
The Douglas County Department of Commerce will donate $50,000 to the creation of this campus. As Perks reportedly declared:
“We have some unique assets that make our region appealing to that industry. […] Let’s figure out a way to capitalize on it.”
Even though this is a nice initiative from a Washington-based county, not all of the central Washington counties have been friendly towards the industry.
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