The Role of Blockchain in Building Smart Cities
Munish Kumar, Abhishek Bhola, Poonam Jaglan · Smart Cities · 2024
The emergence of smart cities, fuelled by the integration of advanced technologies, has paved the way for a more sustainable and efficient urban environment. As a decentralized and immutable ledger, blockchain holds great potential for enabling secure and transparent transactions and interactions within smart cities. This research paper aims to explore the opportunities and challenges associated with the adoption of blockchain technology in building smart cities. Through a comprehensive review of relevant literature and case studies, this paper highlights the various use cases of blockchain in smart cities, including smart energy management, waste management, mobility, and governance. It also discusses the benefits of blockchain, such as increased efficiency, security, and trust, as well as the challenges and limitations, including scalability, interoperability, and regulatory issues. Furthermore, the paper provides insights into the current state of blockchain adoption in smart cities and identifies the key factors that may affect its success, such as community engagement, collaboration, and funding. The research concludes by outlining some of the future directions and potential areas of research in the field of blockchain and smart cities. Overall, this research paper contributes to understanding the role of blockchain in building smart cities and provides valuable insights for policymakers, urban planners, and technology developers to enhance the effectiveness and efficiency of smart city development.