Creating smart cities: Blockchain changes the game rules
Countries spend billions of dollars on the development of smart cities in a race to be named the best place for living. They have already poured $308.0 billion into the global smart city market and are not going to stop. The primary goal of such places is to make the residents’ lives as much comfortable as possible, as well as to facilitate the country’s economic growth.
A smart city is a settlement that uses information and communication technologies to improve urban processes. Intelligent solutions and sensors inform the citizens about any traffic disturbances, help find a free parking lot, plan the routes, turn on green lights when required, and do everything to improve our living conditions. It’s heaven on earth, don’t you think?
However, an ambitious cryptocurrency millionaire Jeffrey Berns considers that the decentralized ledger technology can make smart cities even more sophisticated. The entrepreneur intends tobuild a blockchain city in the Nevada desert. He plans to create not only a hi-tech hub but also build up accommodation, schools, and an e-sports arena. The construction activities are expected to be started in the second half of 2019. The area of the intended city is about 250 square kilometers.
Are your dreaming of such a life? Imagine how many wonderful opportunities you’d gain by moving into this man-made innovative paradise!
To make sure that smart cities really do things much better, look at the brilliant facts revealed by the consulting firm McKinsey&Company. The advanced systems applied in these settlements can save 25–80 liters of water per person per day or reduce the number of crime incidents by 30–40%. Elon Musk’s inventions pale by comparison.
Incorporating blockchain into smart cities can help obtain more excellent results. This disruptive technology goes hand in hand with transparency and security, making urban ecosystem much more convenient and efficient. It creates a new and seamless model of infrastructure, which allows citizens, authorities, and smart devices to interact with each other.
Let’s see how blockchain is able to considerably upgrade the transportation system. To plot a route or draw up a schedule, the transport workers should treat a huge amount of data collected on population’s movements and travel. They use hundreds of cameras and vehicle detectors to switch traffic lights, reduce delays, predict incidents, or manage congestion on highways. High-tech solutions make this process automatic and faultless. Do such places even exist?
Developing blockchain cities: Who is on the top?
Yes, it’s not a dream! There is a global tendency to develop new smart cities and, moreover, enhance them with blockchain solutions, which are vigorously incorporated into the infrastructure of many world’s megalopolises. China, the United Arab Emirates, and the USA are now struggling for the leadership in this field.
A bunch of 500 smart cities is scattered throughout China, according to the Deloitte’sreport. This country is a major proponent of high technologies, that’s why the Chinese government decided to apply blockchain for building more effective and citizen-friendly cities.
