Blockchain is indispensable for Smart City Development
“The Term Smart City could be referred to an overall Blueprint for city designs of the Future”
A Smart city means everything is monitored because everyone is connected together! Keeping in mind about various aspects of Governance, leadership and much more? The Basic Concept is to leverage information and communication technologies to improvise on economic growth, environmental sustainability, and general livability which is needed today.
There could be various examples or flaws in today’s world that even a regular person could point out too! And that is how the lack of Technology has brought an impact upon us all! So If we were to implement Transparency and Security to our system, don’t you think that would make this city a better place to live in!
Well, that is the core Fundamentals of Blockchain Technology which is completely indispensable for a “SMART CITY DEVELOPMENT” and Decentralization is the heart of Blockchain.
Blockchain is capable of perfectly balancing all the pillars of city infrastructure securely and transparently to ensure overall stability and sustainability.
Here are a few examples of what Impact this change could do for us!
Products can be tracked from a seed to a product. This can help reduce carbon footprints, increase ethical accountability and reduce unsustainable practices. This can help reduce carbon footprints, increase ethical accountability and reduce unsustainable practices.
With the help of Blockchain we can track environmental regulations and the impact it would in return have on us, thus we can help in decreasing fraud and taking control. Blockchain connects users and vendors directly without the need for a central authority.
With the Unstoppable growth of smart gadgets, Almost all our payments are processed Online but due to the decentralized nature of Blockchain, it follows peer to peer data passage. That way it’s impossible for hackers to locate and track that information.
In terms of the food and agricultural industry and much more, Blockchain can establish better transparency from the suppliers to the very end consumers, which helps us to track every step of the procedures crossed.
Blockchain’s use of digital signatures in the Educational Field can determine and verify the provenance and authenticity of all the Students and faculty records. Which avoids any false Certifications etc?
The more powerful application of Blockchain into healthcare would help in predicting which patients are most at risk for readmission, detecting medical errors and personalizing treatment plans, etc.
By employing digital signatures in Governance we can completely tackle identity theft and other illegal activities. Thus keeping our information safe and secure.
There’s much more to it!
You can find a few interesting Use Cases of Blockchain in Smart City
The use of the right technology infrastructure is mandatory because that is what will affect the way cities are created and developed. It will enable smart cities to include vastly enhanced sustainable areas such as smart buildings, smart environments, smart supply chain management, health, energy and so on to keep the livelihoods of the city dwellers intact at all times. We can see how far we have come as a civilization. Smart cities aim to enhance the quality of the lives of residents and businesses through the integration of technology.
Smart City Development with Blockchain Could and WILL make a Huge Impact in our lives. Many countries have already been marching towards changing cities and towns to smart ones. It’s time to think ahead and Walk towards a Smart World.