• The journal article featured VeChain, which is a dedicated blockchain platform designed to enhance the management of supply chains and various business processes.
• It explained the power of Blockchain technology in developing smart cities and its capabilities for streamlining complexities across different sectors.
• The article proposed a framework connecting service providers and citizens through blockchain technology in developing smart, sustainable cities.
VeChain Unleashes the Power of Blockchain
VeChain is a dedicated blockchain platform designed to enhance the management of supply chains and various business processes. Its main goal is to streamline the complexities of supply chains and the exchange of information by leveraging distributed ledger technology.
Advantages of Blockchain Technology
Blockchain technology has numerous advantages, including audibility, transparency, immutability, and decentralization, enabling efficient communication between contributor systems without relying on a centralized entity.
Building Smart Sustainable Cities
The United Nations projects rapid urbanization resulting in a 55% surge in urban population by 2050. To ensure effective functioning of smart cities different sectors within a city need to have seamless communication and data dissemination.
Proposed Framework for Smart Cities
The journal article proposed a novel framework that connects service providers and citizens through Blockchain technology in developing smart, sustainable cities.
Conclusion
By utilizing blockchain technology’s advantages such as audibility, transparency, immutability, and decentralization this research proposes a framework for building smart sustainable cities with seamless cross-sector integration.