The Internet of Things allows Cities to acquire and correlate data from urban assets, leveraging them to improve quality of public services and citizen satisfaction, reduce energy consumption, optimize costs and simplify processes for City operators and managers. Even more, it provides actionable information to feed strategic decisions about services efficiency and improvements, and take evidence-based actions where and when needed.
Far more interesting developments are possible with blockchain technology, which can make Smart Cities far more secure, transparent, efficient and resilient. As an original combination of mature technological concepts, including peer-to-peer networks, distributed consensus algorithms, validity rules, ledger technologies and cryptography, blockchain can be successfully applied in any domain where stakeholders’ relations are based on trust and may be entirely disintermediated. This is particularly true in Cities, as they rely on accurate, secure, authentic and trustworthy information exchanges to deliver services to people and businesses.
Read the article by Gianni Minetti, Paradox Engineering’s President and CEO, on Insights Success