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Smart City is a smart city using modern technologies, including IT, to raise the awareness and comfort of residents' lives. Such a city invests in human and social capital as well as in communication infrastructure, striving for sustainable development and raising the quality of life of its inhabitants.

Blockchain in Smart City

One of the technologies that can help Smart City develop Blockchainif only because of the security with which this technology is tied. Blockchain guarantees that only the owner has access to their data, and hence, it is effectively protected against theft of these data, as well as cyber attacks.

This is due to the fact that transactions in the Blockchain system are distracted and are not monitored by the main intermediary, and there is no intermediary verifying these data.

Thanks to the decentralization of the Blockchain system, the user's financial transactions are also protected.

Development, Smart City it will take place in several areas:

Smart Economy

Cryptocurrency market it develops intensively and thanks to Blockchain it will be possible to create a local "urban currency" that will allow its residents to invest in the city. Already in 2020 year Dubai wants to be the first city in the world to use Blockchain technology in financial processes.

Smart Democracy

Blockchain technology will allow voting and access to the results of the elections to the city authorities in real time.

Smart Mobility

Blockchain technology allows creating one coherent system offering transport services, including booking travel, buying tickets or renting a car. This will facilitate the use of such services and reduce costs, but it will also create the possibility of fair competition for entrepreneurs. Blockchain is a system that can be used by both users and entrepreneurs.

5 / 5 - (3 votes) is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

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