Crypto Architecture and Smart Cities
Blockchain is mostly used to secure transactions on the internet, but blockchain technology isn’t only limited to the turbulent world of cryptocurrency. Smart cities can implement the technology to prevent the manipulation and modification of information and increase operational efficiencies.
Below, we’ll explain what blockchain is, how the technology is integrated into smart city architecture, and its advantages for governing cities.
What is Crypto or Blockchain Architecture?
Blockchain technology is most associated with the cryptocurrency Bitcoin. The core principle of the technology is the “node,” a chain of virtual blocks of code that contain specific data in a secure manner. This is different from a conventional database, which is merely raw data. A blockchain node is fully visible to the public, offering a maximum level of transparency and trust.
How Blockchain Can Be Integrated into Cities
Cities are becoming increasingly sophisticated thanks to innovations like the Internet of Things and cryptographic technology. As IoT and smart devices collect data and increase efficiencies, blockchain, in the service of urban management, carries out verifications and secure transactions.
According to research conducted by the United Nations, blockchain enables smart cities to transmit information securely, without intermediaries. Blockchain also contributes to cities’ smart living practices by promoting mobility, energy efficiency, and smart waste management, all while implementing transparency and data security.
There are many ways smart cities can integrate blockchain.
In the energy department, blockchain-based contracts make it easier for solar-powered homes to trade surplus electricity with other members of the grid.
For mobility, government heads can utilise blockchain by knowing which citizens use their cars daily. Utilising this information, the government can then provide incentives to encourage individuals to take public transport. Blockchain can also provide waste collection companies with real-time information on containers to improve their waste collection services.
Blockchain technology can benefit other public services as well, including water resource management, air quality control, and garden care.
Benefits of Blockchain for Smart Cities
Increased Connectivity with Transparency
With blockchain’s vertical services, cities can interconnect through an accessible system that exchanges data in real-time. City officials and citizens will know the origin and destination of each resource, increasing transparency. Citizen heads can gain access to how citizens use public services without compromising their privacy.
Government departments and individuals in smart cities can interact with one another without intermediaries. This expedites bureaucratic procedures and increases operational efficiencies.
Security of Information
Blockchain technology makes it possible to encrypt a file to reduce the risk of any third-party manipulating information.
Blockchain for More Innovative Cities
Integrating blockchain into public services is a game-changer in smart cities. It affects the way citizens interact with the city and at the same time, allows inhabitants more control over their personal data guaranteeing anonymity, transparency, and security.
Together with Smart City, blockchain platforms become more accessible and easier to implement. The use of smart technology and smart devices pave the way for smarter cities to improve citizens’ quality of life. For smart city solutions, contact us today!