A blog article PublishedOn Sunday (ETHVitalik Buterin (co-founder) expressed support for using cryptocurrency to further the interest of local governments.

Buterin spoke specifically about the creation of city tokens as well decentralized autonomous organizations (also known as DAOs). DAOs: Users can create rules and then enforce them in self-governing groupsBut they can also vote for protocol amendments depending on their holdings of crypto tokens.

1. The government can use the act as a source of sustainable revenue
2. Encourage economic cooperation among residents and city officials
3. Promote saving and wealth building for all parties
4. Inspire citywide social initiatives
5. Reducing wealth inequalities