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Blockchain Technology: A Driving Force in Smart Cities Development

Author

Listed:
  • Gade, Dipak S.
  • Aithal, Sreeramana

Abstract

Smart Cities are well planned, designed, and established keeping in mind the growing need of citizens in search of better livelihood. Technology has played a big role in equipping Smart Cities to offer better facilities to its citizens in terms of better living comfort, better atmosphere, better surrounding, better medical facilities, and most importantly ease of doing business, office, and day to day activities. While doing so, IT Infrastructure and online transactions have influenced all the operational processes of Smart Cities and almost acting as its backbone. Obviously, any adverse impact on online transactions can create chaos in Smart City operations. To address this concern, a safe and reliable online transaction is a must. In this paper, we have discussed Blockchain Technology-based solutions for Smart Cities and their potential impact on Smart Cities Development. We specifically tried to address the concern of how Smart City online operational processes for various applications can be made reliable and safe by using Blockchain Technology and how this technology can benefit Smart Cities overall development. Based on the comprehensive research and detailed literature review, we proposed Blockchain Technology based secure framework for Smart Cities. We also identified various applications and process areas that can be highly benefited by using Blockchain Technology and can make these applications smarter and more reliable and fit for use for any Smart City.

Suggested Citation

  • Gade, Dipak S. & Aithal, Sreeramana, 2020. "Blockchain Technology: A Driving Force in Smart Cities Development," MPRA Paper 105351, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:105351
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    File URL: https://mpra.ub.uni-muenchen.de/105351/1/MPRA_paper_105351.pdf
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    References listed on IDEAS

    as
    1. Carmen ROTUNA & Alexandru GHEORGHITA & Alin ZAMFIROIU & Dragos-Marian SMADA, 2019. "Smart City Ecosystem Using Blockchain Technology," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 23(4), pages 41-50.
    2. Jianjun Sun & Jiaqi Yan & Kem Z. K. Zhang, 2016. "Blockchain-based sharing services: What blockchain technology can contribute to smart cities," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-9, December.
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    More about this item

    Keywords

    Blockchain; Smart city; Smart contracts; Secure framework; Distributed ledger;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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