Using Blockchain as a Platform for Smart Cities
Christian NÃ£sulea, Stelian-Mihai Mic
Journal of E-Technology, Vol. 9, No. 2, 2018.
DOI: https://doi.org/10.6025/jet/2018/9/2/37-43
Link: http://www.dline.info/jet/fulltext/v9n2/jetv9n2_1.pdf
Abstract:
Objectives: Incorporating new technologies into the development of smart cities means rethinking the way different services are provided. From this perspective, Blockchain might represent the future of both smart cities and smart communities as it offers new alteratives for individuals and institutions.
Prior Work: Blockchain was mainly perceived through its linkage with bitcoin, but recent developments have started exploring the idea of using it for financial transactions, logistics and securing contracts. Tapscott & Tapscott (2016)have acknowledged the potential the Blockchain Revolution had on redefining the idea of trust in both digital and local communities. Blockchain technology has the ability to enhance transparency of local and regional institutions while also making it easier to communicate sensitive data without compromising security and privacy.
Approach: We look at the different fields blockchain can have an impact on and we try to assess the viability of moving
towards an integrated platform for intermediating day-to-day activities between both institutions and individuals. We will
assess the advantages of digitizing and securing public and private data while also considering the potential risks this
process might involve.
Results: We aim to create a model of how blockchain might work in communities and assess its impact on the overall
economic and human development indicators.
Implications: Public administrators in many countries are starting to acknowledge blockchainâ€™s potential in solving problems
for local communities our results will be a valuable starting point for developing local initiatives for using blockchain as a
platform for communications and transactions. Furthermore, a smart city must be a city where individuals can interact and
solve their issues quickly, using digital technologies for increased efficiency.
Value: Blockchain is thought to be the future of managing both public and private affairs. Countries such as Dubai, Singapore
and China are incorporating blockchain technology into developing smart cities. Blockchain makes us rethink many of the
different aspects of how communities can be organized, offering new alternatives and promising a more transparent and
efficient economic model.