The Application of Blockchain Technology to Smart City Infrastructure

Abstract

A smart city can be defined as an integration of systems comprising a plethora of task-oriented technologies that aim to evolve and advance with city and infrastructure needs while providing services to citizens and resolving urban challenges through intersystem and data-driven analytical means, with minimal human intervention. Applications of technology include management, operations, and finance. One such technology is Blockchain. A main advantage of Blockchain is the simplification of processes that are costly and time-consuming. This is accomplished by simplifying operations to minimize costs resulting from the decentralization of assets. Blockchain has been proven to facilitate transparency, security, and the elimination of data fragmentation. However, as a relatively new technology, it poses regulatory obstacles. This issue can be attributed to the fact that many infrastructural governing organizations have incomplete knowledge of their infrastructure, which can lead to confusion when attempting to comprehend the different elements of the infrastructure, resulting in a lack of direction when trying to solve a problem. This paper explores the different applications of Blockchain technology in the sectors of energy, transportation, water, construction, and government, and provides a mechanism for implementing this technology in smart cities. As a present component of infrastructure management systems, Blockchain may potentially serve as the initial step toward upgrading infrastructure technology.