Blockchain Technology and the Future Development of Cities
<p>Zhang Zhida</p> · Academic Journal of Engineering and Technology Science · 2021
Judging from the facts of urban development, I believe that technology is the core element that affects urban development and can promote the continuous evolution of urban development. In recent years, blockchain technology has gradually emerged, and is known as the next generation of disruptive core technology following steam engines, electricity, and the Internet. Therefore, the combination of blockchain technology and the future development of cities is an inevitable trend. With its decentralized, open and transparent, non-tamperable, and smart contract characteristics, it will build a global information chain, establish ownership of property rights, and reduce interaction costs. Institutional innovation and other aspects reflect the impact on the future development of the city, which will bring certain changes to the population, activities, and space of the future development of the city, and it will enter the stage of blockchain city in the future. This article will discuss blockchain technology and future urban development, and will verify the feasibility of blockchain cities.