Tag Archive for: Painted Rock

Smart cities and the role that blockchain can play

"Currently, around 55% of the world's population - 4.200 billion inhabitants - live in cities. This trend is expected to continue. By 2050, with the urban population doubling its current size, almost 7 out of 10 people in the world will live in cities”. This quote is from World Bank, taken from an article that looks at urban development and how we can strive to make our cities more sustainable and inclusive. Urban planners and governments are increasingly turning to technology to create 'smart cities'. It is believed that the concept of “smart city” was first used by IBM when it talked about “the ability to capture and integrate live real-world data through the use of sensors, meters, gadgets, personal devices and other similar sensors”.

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