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Andrew Yang 2020

What presidential hopeful Andrew Yang gets right—and wrong—about blockchain

Matthew De Silva
Member exclusive by Matthew De Silva

Andrew Yang is one of 19 Democrats who have declared their candidacy for president in the 2020 US election, but he is the only candidate so far who has incorporated blockchain into a major tenet of his platform.

An advocate for universal basic income, he proposes giving a $1,000 “Freedom Dividend” each month to every American older than age 18, assuming that they have graduated from high school and aren’t receiving other government assistance. “This would create two million new jobs in our economy,” he claims. “It would make children and families stronger and healthier and would help tens of millions of Americans transition through what is the greatest economic and technological transformation in our country’s history.”

This dividend, he has said, would “likely” be facilitated by blockchain.

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