10 Ways Blockchain Is Revolutionizing Smart Cities
Blockchain technology is boosting the bottom line of private and public sector
It’s touted as the “secret sauce” that will transform smart cities of the future, establishing trust and transparency in government through an immutable digital record — one that’s able to connect sky’s-the-limit endpoints while being virtually hack proof.
Blockchain technology took the digital world by storm in 2009, when it debuted as a digital ledger book for the cryptocurrency Bitcoin. Since then, it is being used to reshape the way business is done in industries ranging from finance and healthcare to manufacturing — and, of course, government.
In a nutshell, blockchain is a new kind of encrypted database that is decentralized, distributed, and unassailable. It creates a digital record that is amazingly secure and is easily accessible to the public.
