Futurists Imagine Advanced Sustainable Cities. China Just Debuted An Entire Blockchain City.
China is working on Innova City, having an underlying blockchain infrastructure.
Futurists imagine advanced sustainable cities powered by cutting edge technologies integrated into every facet of the city, including transportation, building architecture, trade, and even energy production and consumption.
Wanxiang, the car company, and PlatON, a blockchain startup, have started a partnership for this project. The platform would enable efficient data tracking for improving the transportation sector and in ecological waste management. Blockchain cities would be functional, smart, and offer better connectivity between the citizens, the government and its various departments.
Besides blockchain, AI, IoT, big data, and robotics can also bring significant change in how cities currently work. Blockchain’s importance is because it is an encrypted database platform and is immutable and decentralized as well. Data sharing within the city is more secure, accessible, and efficient due to this.
The activities information and other data stored on the blockchain can be analyzed by automated AI systems to come up with viable solutions. In some sectors, the use of this tech could raise privacy issues. The tracking ability of the tech is both a boon and a curse, depending on the sector it is used. It is up to the people to decide whether they want to ensure their privacy or enjoy the benefits of a blockchain city.
Source: https://businessblockchainhq.com
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