The city of Sejong, administrative capital of South Korea is the first ground that the country’s Government tested for the development of smart city solutions.
And this very first smart city project, involving residents using self-driving or ride-sharing cars powered by electricity, the 5G network monitoring the traffic and transportation in real-time is soon to be in action.
And the authorities are developing a blockchain-based platform for autonomous vehicles to identify and protect the digital identities of self-driving cars.
It has clear benefits such as the possibility of the road security and optimization fuel consumption through the blockchain technology that is capturing information about the environment and interpreting all the information through algorithms.
Blockchain will be ubiquitous in the near future. It will replace our databases and it will go the way of the Internet. It will lead the industrial, political and financial revolutions and no matter how we like it or not we all will be using blockchain and other Decentralized Ledger Technologies without even realizing about it.
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Company Name: BINT Protocol Co., Ltd.
Contact Person: Asher Smith
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Country: United States
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Source : https://kjnewswire.com/7010/blockchain-based-platform-developing-new-smart-city-south-korea-and-bint-protocol