Digital Asset and the Paul Ryan Foundation are partnering to launch a pilot program called RISE, which will use the Canton Network to streamline the distribution of state-administered benefits across three U.S. states beginning in 2027. The initiative aims to demonstrate how blockchain technology can improve efficiency and transparency in public benefit systems.
The pilot represents a significant step toward modernizing legacy systems that often struggle with inefficiencies and delays. By leveraging blockchain, the program could reduce administrative costs and improve the speed of benefit delivery.
KEY FACTS
- The RISE program will use the Canton Network.
- It will combine and distribute state-administered benefits.
- The pilot will launch in three U.S. states.
- The program is set to begin in 2027.
- Digital Asset and the Paul Ryan Foundation are leading the initiative.
How Will the Canton Network Be Used?
The Canton Network is a blockchain platform designed for financial and regulatory applications. It enables secure, interoperable transactions while maintaining compliance with existing regulations. In this pilot, it will serve as the backbone for processing and distributing benefits across multiple states.
Blockchain technology offers several advantages for public benefit programs, including real-time tracking, reduced fraud risks, and seamless cross-agency coordination. If successful, this approach could be scaled to other states or federal programs.
What Are the Potential Benefits?
State-administered benefit programs often face challenges such as slow processing times, bureaucratic inefficiencies, and lack of transparency. A blockchain-based system could address these issues by automating verification, reducing paperwork, and ensuring funds reach recipients faster.
The pilot could also set a precedent for other government applications of blockchain, such as voting systems, identity verification, and public records management. However, success will depend on user adoption and regulatory acceptance.
WHAT WE KNOW — AND WHAT WE DON’T
Verified by the source:
- The pilot involves three unnamed U.S. states.
- The Canton Network will be the technical infrastructure.
- The program is scheduled to start in 2027.
Still unconfirmed:
- Which specific states are participating.
- The exact types of benefits being distributed.
- Whether other organizations or government agencies are involved.
WHY IT MATTERS
Blockchain-based benefits could revolutionize how public assistance is delivered, making systems more efficient and accessible for millions of Americans. If successful, the RISE program could encourage broader adoption of blockchain in government services.
WHAT TO WATCH
The next steps include finalizing state partnerships and technical implementation details. Further announcements are expected as the 2027 launch date approaches.