Blockchain and Trust in a Smart City (Record no. 11214)

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Personal name Kundu, Debasish
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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.
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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
773 0# - HOST ITEM ENTRY
Host Biblionumber 11205
Host Itemnumber 15500
Title Environment and urbanization Asia
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Uniform Resource Identifier https://journals.sagepub.com/doi/pdf/10.1177/0975425319832392
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Koha item type Articles
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