The new craze of the 2017 and 2018

Blockchain and smart cities are the new craze of the 2017 and 2018 blockchain boom. While these will have a way of shaping the future. In this article, we will take a look at the various uses of blockchain technology and how they will eventually transform our cityscapes and landscapes. First we need to define blockchain and it’s pertinence to cities by analyzing our current efforts. After this we can dive into how they will piece into one another. The biggest problem is that with new incoming data and the streamlining of it, it presents many security issues.

Since decades ago, the United Nations has been projecting both city and rural growth of all countries in the world and they say that more than fifty percent of global population resides in cities and with time that number will increase to seventy percent. In general, as it would, most populations are congregated in dense cityscapes. As populations become denser, current issues that cities phase only get exacerbated, and the only way to counter this is to increase overall efficiency. This can be done with new modern technologies such as IOT devices. Dxchain is the crux in which IOT devices can communicate with one another by providing both decentralized compute supply as well as decentralized data storage. Security experts can demonstrate that terminals such as bike rental stations have a lot of security issue and these devices can be easily hacked by criminals who are fully incentivized to take advantage of both personal and financial information of its victims. Also, you have to note that typical security mechanisms are quite weak in centralized infrastructure. At the very core of creating smart cities is a huge security flaw and we plan to explore this a bit further by figuring out ways of increasing security without a loss in privacy and security. Let’s discuss the dynamics of a smart city. A smart city is able to process information and integrate dynamics from IOT devices in order to manage physical, social and business events and to provide an overall better experience to its citizens. This allows better interaction between people and their governments and overall resource expenditure. As an example, a business could access city data which they can then use to help positively impact their business. People can also utilize the benefits of improved efficiency in many ways such as when they go to park their vehicles, traffic lights, for example if you look at a city like Las Vegas, the government is able to save forty percent on smart street lamps which don’t turn on unless necessary. These are all the problems that blockchain can fix.

Blockchain at the core is a database that is decentralized and distributed. In everyday terminology that means that it’s very secure from hackers and exploiters whilst at the same time being easy to access. It’s win win all around and overall it provides an increase in overall efficiency in every aspect. This is the future in every aspect

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