This paper touches upon two of the five megatrends—rapid urbanisation and technological breakthroughs. Today, more than half the world’s population lives in urban areas1. Rapid urbanisation focuses on opportunities presented by this urban transition to create emerging cities that act as powerful and inclusive development tools. Technology breakthroughs, on the other hand, deal with the digital revolution which now has a direct or obvious impact in all spheres.
The purpose of this report is to understand one of the new technology breakthroughs—namely blockchain—and analyse how it can be utilised for making cities smarter. It studies various areas of a smart city and identifies those areas where blockchain innovation can be used to enhance our cities and provide for better liveability and economic development.
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