Smart Cities and Blockchain: Four Countries Where AI and DLT Exist Hand-in-Hand

What aspects of a city would be run by IoT and blockchain, say, in ten years? Unmanned cars and trains can run in the cities and control over airspace no longer requires dispatchers.

It's not just about cryptocurrencies or payment services, but about whole cities with all processes controlled by blockchain.

The authorities of the Emirates are not stopping at what has already been reached and are actively implementing the most innovative ideas in order to turn the city into the first blockchain-based smart megapolis by 2020.In terms of the number of projects being implemented, including those where blockchain is used by Google, Uber, Amazon, IBM and other corporate giants, Dubai ranks first in the world, thanks to the government-supported Smart City program.

This comprehensive program launched by then-governor Jack Markell is designed to stimulate the use and development of blockchain technologies and smart contracts in both the private and public sectors of the state.

It's worth noting that the authorities officially recognized electronic transactions recorded in blockchains as verifiable data, and the bill was signed in order to legalize blockchain transactions for accounting and other business records for local companies.

We strongly believe private-public relationships bringing blockchain technology to state infrastructure will create advancements that benefit everyone involved.

In 2017, the state announced the Illinois Blockchain Initiative, which calls on the consortium of state agencies to cooperate in exploring innovations presented in distributed ledger technology.

Alibaba Cloud & Waltonchain signed an agreement on strategic cooperation aimed at using blockchain technology in the field of smart cities.

Other countriesOther countries have also put a tag on the map of blockchain globalization.

The Australian government announced a grant of $8 million for a blockchain project to create 'smart utilities', and the Tokyo Electric Power Company plans to use the technology to prevent a recurrence of the disaster in 2011, when a leak at the Fukushima Daiichi nuclear power plant caused significant and widespread disruption.