blockchain

Event/Project | United States of America

40% of cities say they have ‘no idea’ how they could use blockchain

[by SmartCitiesWorld] The research clearly shows a need to find ways to better explain and understand blockchain technology. In a new global Smart Cities World survey, 77 per cent of 196 respondents say they believe that blockchain is more hope than hype for solving urban challenges in cities.

40% of cities say they have ‘no idea’ how they could use blockchain

In a new global Smart Cities World survey, 77 per cent of 196 respondents say they believe that blockchain is more hope than hype for solving urban challenges in cities.


 The survey of city leaders, technology providers, academics and other smart city stakeholders finds that despite this promise, overall 25 per cent have no idea how they could use blockchain technology to improve public services and benefit citizens.


 This rises to 40 per cent for city respondents. 53 per cent overall (versus 45 per cent in cities) said they have some idea how they could use it and 22 per cent have a very clear idea (15 per cent in cities).


Lack of understanding


Part of the issue is around getting to grips with the technology. Although 80 per cent said they understand blockchain well or fairly well, 13 per cent said they don’t get it at all and only 6 per cent consider themselves experts.


 Further, when asked about the challenges to unlocking blockchain’s benefits, understanding the technology was rated as the top obstacle, followed by a perception that the technology is untested/unproven; a lack of adequate skills; and the need for support from the top.


 Overall, 16 per cent said the blocker to blockchain is blockchain itself, noting that blockchain isn’t required as most problems can be solved with existing tools. However, interestingly this way of thinking falls to 6 per cent for city respondents. The cost of blockchain implementations was also flagged as a concern.


Cities need more powerful use cases of blockchainCities need more powerful use cases of blockchain


Blockchain potential


Respondents that are backing blockchain – at least in theory -- highlighted a number of areas where they see potential for improving city services and quality of life for citizens, including: governance/city administration (63 per cent); citizen engagement/e-voting (52 per cent); transport (44 per cent); energy; (38 per cent); health (38 per cent); and public safety (32 per cent).


The top expected benefits ranked in order are: 


1 More efficient operations 
2 Improved citizen engagement/trust 
3 Stronger security 
4 Cost savings 
5 Environmental/Energy benefits 
6 Improved traffic 
7 Health impacts Despite the potential, just 15 per cent of the cities surveyed said they are running any blockchain implementations or trials, and only 15 per cent have anything planned in the short-term.


In action


We did come across some interesting examples of blockchain in action in the course of our research, including Dubai which is looking at a number of applications. One of these is paperless transactions for visa applications, bill payments and license renewals, for example and is projecting cost savings in document processing as well as CO2 savings.


Vienna is using public blockchains to simplify, automate and validate open government data, including public transport routes, train schedules and communities’ voting results.


Zug in Switzerland is offering its citizens the opportunity to get a blockchain-based digital identity and also accepts bitcoin payments.


Moscow recently incorporated blockchain into its Active Citizen e-voting platform.


Sarah Wray, editor of Smart Cities World, said: “Our research clearly shows a need to find ways to better explain and understand blockchain technology, and to show more proven examples of powerful use cases in cities, showing how the technology can be implemented and that it is applicable to real and pressing challenges.


"These factors are important to get backing from the top. And, for a technology that promises such fundamental change, it will be important for communication with citizens too.”


She added: “While some examples are emerging, more detailed case studies are required before cities will take the plunge with blockchain. And until then, we won’t know whether the hype is really justified.”


On September 12, Smart CitiesWorld held an event on blockchain for smarter cities at London’s City Hall, including a keynote, panel debate and roundtable discussions. In the coming weeks we’ll be doing deeper dives on some of the issues raised at this event and in our research.


[Link to original article https://www.smartcitiesworld.n...


Related articles

Technology

A Blockchain-Based Approach to Smart Cities

blockchain

03/17/2018

[Extremetech.com, by Ben Algaze on March 16, 2018] AUSTIN — At SXSW 2018, it seemed like any presentation with blockchain in the title was guaranteed to be at full capacity. Cryptocurrency mania has been at a fever pitch, with tales of overnight millionaires who invested in Bitcoin or Ethereum or others. But much like the internet IPO boom of the late 1990s that created enormous wealth – until it came crashing down – the underlying technology of cryptocurrencies, blockchain (like the web technologies of the late 90s), may well form the basis for a secure, distributed application platform that may be less dominated by a few major players than the internet is today. More information

Technology

How To Develop A Blockchain Application

blockchain

12/28/2017

Bitcoin is the first decentralized currency in the world and it attracts more and more attention over the last couple of years. Bitcoin functions with the help of blockchain technology, which itself bases on the chain of transactions blocks. The information about those transactions updates at all devices in the world simultaneously. More information

Technology

A Look At Blockchain Technology

blockchain

12/28/2017

The Blockchain is a decentralized ledger of all transactions across a peer to peer network. Using this technology, participants can confirm transactions without the need of central certifying authority. And it is the technology that enables the existence of cryptocurrency (among other things) Potential applications include fund transfers, selling trade, voting, and many other uses. More information

Dashboard

09/14/2018

40% of cities say they have ‘no idea’ how they could use blockchain

[by SmartCitiesWorld] The research clearly shows a need to find ways to better explain and understand blockchain technology. In a new global Smart Cities World survey, 77 per cent of 196 respondents say they believe that blockchain is more hope than hype for solving urban challenges in cities.

More information

03/17/2018

A Blockchain-Based Approach to Smart Cities

[Extremetech.com, by Ben Algaze on March 16, 2018] AUSTIN — At SXSW 2018, it seemed like any presentation with blockchain in the title was guaranteed to be at full capacity. Cryptocurrency mania has been at a fever pitch, with tales of overnight millionaires who invested in Bitcoin or Ethereum or others. But much like the internet IPO boom of the late 1990s that created enormous wealth – until it came crashing down – the underlying technology of cryptocurrencies, blockchain (like the web technologies of the late 90s), may well form the basis for a secure, distributed application platform that may be less dominated by a few major players than the internet is today.

More information

12/28/2017

How To Develop A Blockchain Application

Bitcoin is the first decentralized currency in the world and it attracts more and more attention over the last couple of years. Bitcoin functions with the help of blockchain technology, which itself bases on the chain of transactions blocks. The information about those transactions updates at all devices in the world simultaneously.

More information

12/28/2017

A Look At Blockchain Technology

The Blockchain is a decentralized ledger of all transactions across a peer to peer network. Using this technology, participants can confirm transactions without the need of central certifying authority. And it is the technology that enables the existence of cryptocurrency (among other things) Potential applications include fund transfers, selling trade, voting, and many other uses.

More information

Synopcity

New sending

Resending of the verification email (email delivery can take up to 30 minutes)

Other email     (optional)

Enter your other email where we can send you verification of your profile. If you will not receive the email, please check also the SPAM folder or contact our technical support.