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Sunday, November 18, 2018

Smart Cities and Blockchains

Never thought of this particular kind of approach.  Security of Why versus good database architectures?     Intriguing  thought. 

10 Ways Blockchain Is Revolutionizing Smart Cities
By Sergio.  (Excerpt) 

Blockchain will transform smart cities of the future. #p3smartcity
Blockchain technology is boosting the bottom line of private and public sector

It’s touted as the “secret sauce” that will transform smart cities of the future, establishing trust and transparency in government through an immutable digital record — one that’s able to connect sky’s-the-limit endpoints while being virtually hack proof.

Blockchain technology took the digital world by storm in 2009, when it debuted as a digital ledger book for the cryptocurrency Bitcoin. Since then, it is being used to reshape the way business is done in industries ranging from finance and healthcare to manufacturing — and, of course, government.

In a nutshell, blockchain is a new kind of encrypted database that is decentralized, distributed, and unassailable. It creates a digital record that is amazingly secure and is easily accessible to the public.

Smart cities worldwide are using blockchain as the foundation of plans to enhance urban living. Headlines are filled with innovations from locations like Dubai, which aims to cement its status as a global leader in the smart economy as the first blockchain-powered government, and Moscow, which recently became the first city to use blockchain in an e-voting system designed to eliminate corruption and voter fraud.

But the public sector isn’t the only segment of a smart city that stands to benefit from blockchain technology. The private sector is also realizing its potential to reimagine key business processes and help companies of all sizes compete on a more level playing field and therefore advancing their ability to be strategic partners to smart city projects.   ....  "

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