Blockchain and Trust in a Smart City (Record no. 11214)
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100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | Kundu, Debasish |
245 ## - TITLE STATEMENT | |
Title | Blockchain and Trust in a Smart City |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Name of publisher, distributor, etc | Sage, |
Date of publication, distribution, etc | 2019. |
300 ## - PHYSICAL DESCRIPTION | |
Pages | Vol 10, Issue 1, 2019 (31-43 p.) |
520 ## - SUMMARY, ETC. | |
Summary, etc | Trust in a smart city is fundamental to its transparency, the participation of its people in governance,<br/>entrepreneurial initiatives, trade, commerce and hence the growth of its economy. A city gets smart<br/>by transforming itself to a digital city, and a digital city runs on data, analytics, internet of things, artificial intelligence and machine learning. This inevitable transformation creates the fundamental need<br/>for trust. How does data remain sacrosanct and verifiable? How do people trust institutions? How do<br/>institutions trust each other? How do devices trust each other?<br/>This article explores blockchain as an essential layer of trust in a smart city. It explains the technology by drawing real-life examples to the ‘memory game’ that operates in an ecosystem of ‘trust and<br/>consensus.’ The article provides further insight into institutions that can be governed on blockchain<br/>through ‘smart contracts’ in a sovereign and human independent manner. The use cases of blockchain<br/>have been corroborated with examples of successful blockchain implementation. The value for blockchain, in general, and smart cities, in particular, has been presented across four categories: (a) the<br/>network effect on trust on society, governments and industries; (b) empowering the individual and<br/>strengthening the economy; (c) the liquid economy and (d) the shareable economy.<br/>Given the current topology of technology innovations, there is no solution better than blockchain<br/>that embodies trust. It is a hope and expectation that this article will help smart city planners, developers, architects and thinkers implement blockchain as the embodiment of trust in smart cities that are<br/>increasingly becoming digital. |
650 ## - Subject | |
Subject | Blockchain, |
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Subject | smart cities, |
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Subject | trust and consensus, |
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Subject | sharing economy, |
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Subject | token economy |
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Host Biblionumber | 11205 |
Host Itemnumber | 15500 |
Title | Environment and urbanization Asia |
856 ## - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | https://journals.sagepub.com/doi/pdf/10.1177/0975425319832392 |
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Koha item type | Articles |
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