10 min read

Blockchain: The Next Frontier of Smart Cities - Part 1

By Lily Maxwell on Aug 10, 2018 12:06:36 PM


Blockchain is a hot topic. Until very recently, it was associated almost exclusively with cryptocurrency - bitcoin, ethereum etc. However, the power of blockchain to revolutionize the way we exchange goods and services, and transform how we govern - above and beyond the cryptocurrency hype - is increasingly being recognized. When it comes to cities, the transformative potential of this technology is enormous. From enabling P2P energy-sharing systems, as in New York’s ‘Transactive Grid’, which allows local residents to generate, buy and sell their own solar energy, to encouraging behavioral change - for instance through SocialCoin’s blockchain and AI-based ‘social good’ currency (see e.g. the Citibeats solution) - and much more - blockchain is offering new opportunities to create more economically, environmentally and socially sustainable communities. As such, blockchain is likely to be an increasingly central enabler of smart city innovation worldwide. In this article, we will explore the potential benefits of blockchain in an urban context.

Topics:

Collective Intelligence Smart Collaboration Smart City Smart Cities Decentralized Governance Democratic Participation Blockchain Shared Ownership Data Security Data Control Blockchain Cities IoMob CityMapper
Smart Cities Smart Future

Featured

Blog-Below-1