MOU signed for Smart City Development
Dear Funders,
Aiming to be The Trust Bridge Builder, to underpin the better society we care.FundersToken has always been building the necessary infrastructure that would lead to a world with Blockchain as the backbone. From infrastructure of Smart City to applications of social benefits, everyone is connected but nobody is ignored. With that value in mind and the support of our tech structure and modules.
We are happy to announce that,
FundersToken have signed a MOU,a “Memorandum Of Understanding”
with the party responsible for the Smart City Development in Wuzhen, China.
Bringing us a step closer to our mission and goal.
A Smart City by definition is an urban area that integrates information and communication technology (ICT), and various physical devices connected to the network (the Internet of things, IoT) to optimize the efficiency of city operations and services and connect to citizens.
The biggest challenges however, for building a secure and sustainable Smart City is to interconnect individual systems. Many governments already has already integrated Big Data, AI and IoT technology to allow information to be effectively collected, flowed, analysed, just to find that these fancy technologies cannot work together properly without the last piece of the puzzle, Blockchain.
Blockchain technology is needed for IOT management and to ensure the trustworthiness of the data and integration of different systems. Through blockchain and smart contracts, the activity logs for all IOT devices is recorded in a decentralised ledger, that would leave an evidence trail for auditing and diagnostic purposes.
We are proud to be a part of this small step in bringing the world to the digital and automated age. However, we are more proud that we are able to build a real-world and large scale application with our tech and infrastructure.
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Originally published at www.fstk.io.
