Blockchain Technology Powering PropTech Revolution

The race to become the world’s first Smart City has begun and is becoming increasingly more exciting with wider applications of disruptive technologies. It seems that the term „Smart City” is well-known and popular across various media, but is important to stress that the general idea behind this concept is to boost the quality and performance of urban services, reduce costs and resource consumption, and to engage more effectively and actively with the city’s inhabitants. The technological background of this shift includes solutions such as artificial intelligence, blockchain, smart infrastructure, solving sustainability issues and smart mobility.

Take into consideration a very simple example: in the morning, you hop into your car, drive from the outskirts of the city downtown, use an app to find parking space, leave your car — and the same app shows you what public transport to take for your further journey, at the same time handling issues such as tickets and payments.

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