From the course: Cognitive Cities and the Future of Urban Living

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Blockchain

Blockchain

From the course: Cognitive Cities and the Future of Urban Living

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Blockchain

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- Blockchain technology is renowned for its role in powering cryptocurrencies and holds transformative potential for cognitive cities. It's decentralization, transparency, and security features makes it a crucial element in constructing robust and responsive urban environments. According to a report by WinterGreen Research, the global market for blockchain in the public sector is projected to reach $60.7 billion by 2024. This growth signifies the rising recognition of blockchain's utility in managing public infrastructure and services. At the heart of a cognitive city, blockchain can ensure the integrity and security of data transactions. As urban environments become increasingly digitized, protecting citizens' data becomes paramount. Blockchain's immutable and transparent ledger can facilitate this, offering a level of security that traditional systems often cannot match. One key application of blockchain in cognitive cities…

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