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Crypto executives argue that a self-sovereign city powered by cryptographic and decentralized systems is technically possible but would be immensely challenging. While there have been multiple attempts over the years at building “crypto cities” — special zones that rely on blockchain technology to function —most experiments have failed, and crypto executives think they know why. …
Regulations, hype cycles and pie-in-the-sky promises have scuppered blockchain city projects across the globe… but one has succeeded. The blockchain industry has long strived to build its “city on a hill” — idealistic communities where blockchain provides a foundation and code is law. But they’ve not always panned out, as regulations, unrealistic expectations and other…
” ‘Docklands DAO’ plan to help Melbourne precincts recover from the pandemic “ The Royal Melbourne Institute of Technology’s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne’s CBD in recovering from the impacts of the pandemic. The report, which is…
” The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage “ Pubinno, a San Francisco-based technology firm that creates the “Internet of Beer” with artificial intelligence, robotics and cloud computing platforms, has now integrated Bitcoin (BTC) payment infrastructure into its system. Pubinno accepted BTC payments using the Lightning network at the #LightningHackdaysIST…
” City-building startup Praxis secures $15M in Series A Funding “ Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College,…
“# Vitalik Buterin shares positive outlook on the establishment of crypto cities ” In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens. Specifically, Buterin discussed the formation of city tokens and decentralized autonomous organizations,…
“# Successful smart cities will be impossible without decentralized techs ” Smart cities are steadily garnering attention worldwide as they become points of aspiration for many jurisdictions. There is a very clear relationship in these urban utopias between the citizens for whom they are built and the systems, networks and devices that enable their safe,…
“# Smart cities are the future, but they might threaten privacy ” You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” …
“# Akoin rolled out in $2B medical metropolis in Kenya ” Akoin (AKN), the crypto project developed by Senegalese-American singer Akon, has completed the pilot rollout stage of its deployment in the Mwale Medical and Technology City complex in Kenya. As previously reported by Cointelegraph, the trial phase was launched back in November 2020 at…
“# Blockchain firm aims to build crypto city in Nevada desert ” Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno. In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state…