Lafayette City-Parish Mayor-President Joel Robideaux used part of his annual speech at the Heymann Center on Thursday to propose that his government develop its own digital currency. According to a report in the Acadiana Advocate, Robideaux described the Louisiana city-parish as a hub for new technologies, and suggested that it should use that position to create greater diversity in its economy.
In his remarks, Robideaux cited a few examples of how a local cryptocurrency could benefit Lafayette but offered few specifics about how the idea would work. He did say, however, that a Lafayette cryptocurrency could provide new ways to fund “public infrastructure” and could help in the effort to create new solutions that improve government efficiency.
He also noted that there is a growing recognition that cryptocurrencies are going to be major disruptive force in coming years:
“It’s not just a bunch of global libertarians that want unregulated, untraceable and secure digital currency transactions. It’s the recognition of global stakeholders that the world of banking, finance and payment systems is forever changed, that the world of healthcare, government and possibly every other industry is about to be disrupted.”
Robideaux urged the people of Lafayette to think about how new technologies can impact their government. He mentioned other innovations like artificial intelligence, machine learning, and augmented realities, and said that those technological terms represent new opportunities for improvements in areas like traffic light management, government transparency, and stormwater management.