Smart-City Ecosystem Using Block-Chain Technology

With cities' continued growth and development, the implementation of incorporated, compatible, secure online services may improve the level of life for urban residents. Governmental organizations are aware of how digital currencies might be used to solve social challenges.. The concept of block-chain, initially associated with the digital currency bitcoin, offers a novel approach to the organization of smart-cities and a more transparent economic framework for the management of resources. The present research endeavors to examine the prospective advantages of utilizing block-chain-based services to facilitate the expansion of smart cities. Additionally, a Smart-city ecosystem model is suggested, which is founded on smart contracts established between firms, inhabitants, and government agencies. Additionally, it provides a synopsis of the potential application domains of the technology. The results of this study could potentially facilitate the implementation of blockchain technology as a means of facilitating interactions and transactions within the public sector at a regional level.