Smart cities are the future, but they might threaten privacy
Is it possible to build a sustainable IoT-powered smart city of the future, one that doesn’t have all the dystopian side effects? You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract and might entail different meanings, but if you go the boring route and actually Google it, you’ll come across this unified definition: an....
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Factom is a blockchain-based platform looking to wield the power of distributed ledger technology for purposes other than financial services. Their bread and butter revolves around record verification and auditing existing infrastructure. In the end, more transparent solutions are created, which will also cut down on overhead costs. Their recent partnership with iSoftStone will see the introduction of the blockchain verification for Chinese smart cities. The concept of creating smart cities has been a hot topic for many years now, as it proposes a mix of new technology and innovation with....
Technology is evolving at an accelerated pace, and the opportunities for improving nearly all aspects of everyday life are endless. So many different parts of society can be improved upon by embracing these technological innovations, including the way we deal with resources. This concept in the FinTech space is called smart cities, and some interesting ideas are being tossed around. The term smart cities applies to much more than having intelligent people in charge of handling everyday operations. In fact, according to some industry experts, having a handful of people in charge of cities....
Blockchain technology promises to be the foundational network layer for many systems underpinning successful smart cities. Smart cities are steadily garnering attention worldwide as they become points of aspiration for many jurisdictions. There is a very clear relationship in these urban utopias between the citizens for whom they are built and the systems, networks and devices that enable their safe, secure and efficient operation. Most importantly, they will be built on entirely new financial technology infrastructure that supports the flow of micropayments over financial “plumbing,” in a....
MXC Foundation, a Berlin-based startup creating the data transmission infrastructure for tomorrow’s cities, is to launch a Polkadot parachain. In 2021, the project’s efforts to support IoT and smart urban design will receive a boost when its parachain launches, connecting MXC to the world’s leading smart contract blockchain for interoperability. Once MXC has integrated with […]
The Crown Prince of Dubai announced a strategic plan today that would see all government documents secured on a blockchain by 2020. Revealed at an event hosted by the Dubai Future Foundation and the Smart Dubai Office, the final goal of the government-led initiative is to open the blockchain platform to other cities around the world. In remarks, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum explained the effort is part of a larger bid by the emirate, one of seven in the larger UAE, to set the "standard" for smart cities. He said: "The emirate is building on that....