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Blockchain-The Decentralized Technology Revolutionizing Smart Cities
The increase in the number of smart cities around the world research shows that over 66% of the smart cities make use of highly advanced technology & infrastructure that helps them to work on collecting and analyzing the data. This helps them in getting a better understanding about the lifestyle & to analyze better ways for improving the lives of their residents.
At present, Smart cities are investing heavily on Blockchain technology for the varied benefits it could deliver. For these cities, Blockchain is far more than cryptocurrency unlike the other cities around the world & this is where the major different lies in between the smart cities & the ordinary ones.
Multiple Instances Where Blockchain Is Being Used In Smart Cities:
- Blockchain Microgrids For Power Generation
In the aspect of electricity, with the help of Blockchain technology microgrids are being turned into macro scale. This enables the smart cities to embrace solar power & other sustainable resources more effectively & efficiently. This ordeal greatly helps them to cut down the electricity production cost & lowers the healthcare costs as well which will in turn cuts down the rates of diseases.
Blockchain powered microgids will also be beneficial in the form of power exchange aspect as well. This makes it possible for these cities to export their surplus electricity to other cities by simply joining the power exchange program thus opening the scope for additional revenue.
- Blockchain For Secured Voting From Ones’ Own Residence
When it comes to the point of voting during the time of elections most of the nations are thinking about taking votes from home itself & Blockchain technology is working on its way to prove this possible. There’s no doubt in saying that Blockchain provides the most secured system to turn this concept into live reality. There forth this secured ledger of Blockchain can be seamlessly used for collecting votes without being tampered.
This is simply just the beginning. Within the years to come this technology of Blockchain is considered to reshape the world in several aspects.
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Kumar Raja is a multidisciplinary writer, and lifelong learner. He’s a Digital Marketer in the making who spends his time analyzing the developments in the tech world. He’s very passionate about helping people understand the latest trends in the tech world through his well-researched articles. He’s able to condense complicated information about the latest technologies into easily digestible articles.