SCRS Proceedings of International Conference of Undergraduate Students
Blockchain Technology for Advancement of Smart Cities
Authors: Sanah Mathur, Sakshi Sanadhya, Mayank Patel and Rakshit Kothari
Publishing Date: 16-01-2023
ISBN: 978-81-95502-01-1
Abstract
Today we undoubtedly live in one of the fastest-changing times humanity has ever seen. Blockchain is revolutionizing the whole world by bringing a new geometry to security, efficiency, and stability of systems and data. Blockchain Technology is more than just Bitcoin but it is a foundational technology that can disrupt every industry. The architecture of blockchain technology enables everybody on the system to trust the system. The incarnation of new technologies for the development of smart cities gives new ways of rethinking different services. Given the continuous development of urban areas, a new approach to urban government innovation is required for smart cities and smart technologies are essential for it. The objective of smart cities mission is to provide smart solutions to drive economic growth, increase the quality of life, development of urban ecosystems, etc. Blockchain enables our cities to exchange data with a high degree of reliability and transparency without the need for a centralized administrator. As a result, several venture capital firms and large enterprises are investing in blockchain technology research and trials to re-imagine traditional practices and business models. In this paper, we specifically address the question of how blockchain technology may benefit the development of urban areas.
Keywords
Blockchain Technology, Smart Cities Blockchain Cities, Block Chain Security
Cite as
Sanah Mathur, Sakshi Sanadhya, Mayank Patel and Rakshit Kothari, "Blockchain Technology for Advancement of Smart Cities", In: Prashant Singh Rana, Deepak Bhatia and Himanshu Arora (eds), SCRS Proceedings of International Conference of Undergraduate Students, SCRS, India, 2023, pp. 229-238. https://doi.org/10.52458/978-81-95502-01-1-26