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Running Future Cities on Blockchain


Distributed ledgers, smart contracts, and other blockchain technologies embed integrity and provenance in every digital asset and transaction. That could make the blockchain the ideal foundation on which to combine and scale other exponential technologies — with revolutionary results for the entire economy.







The City of the Future

Imagine that every agency, building, office, residence, and piece of infrastructure has an entry on a blockchain used as a city’s digital ledger. This “digital twin” could transform the delivery of city services.

For example:
• Property owners could easily monetize assets by renting rooms, selling solar power back to the grid, and more.
• Utilities could use customer data and artificial intelligence (AI) to make energy-saving recommendations and smart contracts to automatically adjust power usage for greater efficiency.
• Embedded sensors could sense problems (like a water main break) and alert an AI to send a technician with the right parts, tools, and training.
• Autonomous vehicles could route themselves to open parking spaces or charging stations and pay for services safely and automatically.
• Cities could improve traffic monitoring and routing, saving commuters’ time and fuel while increasing productivity.

Every interaction would be transparent and verifiable, providing more data to analyze for future improvements.

Source: http://www.digitalistmag.com/executive-research/running-future-cities-on-blockchain


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Wednesday, May 31st 2017
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