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Blockchain Technologies and Smart Contracts in Smart Cities
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Smart Cities are gaining attention due to the ever-increasing population. The
increasing population and expanding urbanization resulted in increased congestion and
numerous environmental problems. Due to COVID-19, more efficient urbanization
increased the need for smart cities. To address the societal and efficient urban
management challenges of these Smart Cities, advanced technologies like Blockchains
can play vital roles. Smart Contracts are blockchain-based applications. Smart contracts
are used to automate agreements without the involvement of a middleman. Smart
contracts are executed by a network of computers once predefined conditions are met.
The execution action can be in the form of the release of funds to parties, vehicle
registration, sending notifications, and issuing a ticket. The information on the
transactions completed is updated on the blockchain. This chapter provides insight into
how blockchain technology works for smart contracts, which deliver numerous services
in Smart cities ecosystems' in more reliable, data secured, and beneficial for the
population in Smart cities. The chapter will contribute to the planning of Smart cities
planners, developers, architects, and thinkers for using smart contracts to deliver
various services in the smart city’s governance.
BENTHAM SCIENCE PUBLISHERS
Title: Blockchain Technologies and Smart Contracts in Smart Cities
Description:
Smart Cities are gaining attention due to the ever-increasing population.
The
increasing population and expanding urbanization resulted in increased congestion and
numerous environmental problems.
Due to COVID-19, more efficient urbanization
increased the need for smart cities.
To address the societal and efficient urban
management challenges of these Smart Cities, advanced technologies like Blockchains
can play vital roles.
Smart Contracts are blockchain-based applications.
Smart contracts
are used to automate agreements without the involvement of a middleman.
Smart
contracts are executed by a network of computers once predefined conditions are met.
The execution action can be in the form of the release of funds to parties, vehicle
registration, sending notifications, and issuing a ticket.
The information on the
transactions completed is updated on the blockchain.
This chapter provides insight into
how blockchain technology works for smart contracts, which deliver numerous services
in Smart cities ecosystems' in more reliable, data secured, and beneficial for the
population in Smart cities.
The chapter will contribute to the planning of Smart cities
planners, developers, architects, and thinkers for using smart contracts to deliver
various services in the smart city’s governance.
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