Blockchain technology and smart city

Blockchain is considered as one of the most effective technologies to build a secure communication platform for smart cities by providing better public services and making optimal use of available resources, including material and social infrastructure, e-government and notarization, urban management and operation, socio-economic development.

Experts say that blockchain has entered the 3.0 phase with a series of applications in fields of intellectual property, entertainment, and the third-generation web. Blockchain is also the foundation for new IoT, storage or security solutions... In the future, blockchain technology can be likened to the invention of the second internet. This technology will join and become the advantage of the finance, education, tourism, entertainment, intellectual property, preventing counterfeit and fake information...

In fact, the application of blockchain in providing public services is a particularly effective tool for interconnection among many authorities, avoiding confusion or omission of records, documents while ensuring the transparency throughout the chain of records processing. Application of blockchain in urban management and operation with sensors provides information on rising water level as a basis for traffic control system to automatically adjust traffic flow to avoid local congestion.

Over the past years, Binh Duong has accelerated the process of smart city building with the aim of increasing added value of the economy, shifting to high-quality technology production and services, towards knowledge economy - digital economy. Binh Duong has executed a new smart platform, promoted effective application of e-government, applied new technology models, and facilitated and encouraged companies and organizations in the province to digitize, apply information technology, develop smart factories. Binh Duong promotes socialization in telecommunications, information technology infrastructure, specifically eDatacenter developed by VNTT - a member of Becamex IDC. eDatacenter will be a municipality applying information and communication technology to connect sensors, high-speed wireless networks, large data processing to improve living standards. In addition, Becamex IDC signed with Intelizest Group to promote cooperation on building blockchain platform, artificial intelligence and IoT to integrate applications of enterprises and government.

 Reported by Phuong Le - Translated by Ngoc Huynh