Blockchain is a technology associated with the concept of ledger accounting that enables the coordination of information between multiple stakeholders, in an environment where trust between them is not guaranteed. Its use in multiple areas of industry, economics and social development provides benefits that can result in reducing costs and minimizing the complexity of doing things in our current socio-economic systems. Now, what are its most important characteristics, and why is its use growing so much in fields as disparate as digital governance or supply chain management? Let's explore the properties that make up a blockchain system and take a…
Blockchain technology is not only the basis of the bitcoin cryptocurrency. This system of verifications and secure transactions on the Internet is also set to revolutionize the management of smart cities, something that working groups such as the Blockchain4Cities initiative, a United Nations proposal to coordinate, integrate and control the different urban services in a transparent, efficient and private way, is trying to develop and publicize in order to take advantage of the potential present in this decentralized data storage technology. For those not yet familiar with this disruptive solution, blockchain is, in essence, a system of recording information that…
Smart cities are not just a dream of the future. Thanks to the tremendously innovative technology of the Internet of Things (IoT), AI, blockchain and other solutions that fall under the so-called Industry 4.0 paradigm, many are already active and rapidly expanding. So what is IoT and how does it work with smart cities? The Internet of Things (IoT) is the process of connecting everyday physical objects to the Internet: from common household objects, such as light bulbs, to healthcare resources, such as medical devices; it also encompasses wearables and smart personal accessories, and even the systems that allow us…
