Blockchain technology could be a real game-changer for smart cities
Paradox Engineering, a MinebeaMitsumi Group Company, in association with SmartCityWord, will be taking part in a new webinar, Thursday, February 13, 2020 on Blockchain for Smart City cybersecurity and data monetisation. Gianni Minetti, CEO of Paradox Engineering will be discussing how Blockchain can energize smart cities.
Blockchain technology could be a real game-changer for smart cities, allowing a network of connected urban objects, from streetlights and parking meters to waste bins and Wi-Fi hotspots, to be linked together to exchange accurate, secure, immutable information. Outcomes for cities and citizens include increased cybersecurity and new revenue streams.
How does blockchain work? How will it bring additional benefits to cities?
Webinar Date and Time:
Thursday, February 13, 2020
7:00 am (PST)
10:00 am (EST)
3:00 pm (GMT)
4:00 pm (CET)
This webinar will explore:
- Blockchain for ultimate cybersecurity: According to industry experts, more than 70 per cent of all reported ransomware attacks in the US in the last two years targeted state and local governments. Providing the highest possible levels of data integrity, validity and immutability, blockchain technology makes commissioning and operational procedures over smart urban infrastructures intrinsically secure.
- Blockchain for new business streams for cities: As well as delivering benefits to citizens and providing better oversight of the city, device-related data could also be monetised and turned into a revenue opportunity. Thanks to the blockchain, data from streetlights, parking lots, waste bins, environmental sensors, and other urban objects can be transformed into tradable tokens. Parking operators, for instance, could buy such tokens to design and offer their own smart parking services.
- Why open and interoperable urban networks are the foundation for implementing blockchain-based applications and how to get started.
- Your questions on blockchain and open, interoperable networks, which will be answered by our expert panellists.
Live Q & A will take place after the presentation.
CEO, Paradox Engineering
Director, AEM, a Swiss utility which is testing innovative tools for “smart grids”, including blockchain.
SmartCitiesWorld provides a centralised source of intelligence about the infrastructure required to create a smart city today and for the future.
About Paradox Engineering:
Paradox Engineering is a technology company that designs and markets Internet of Things solutions for device and data management in Open Cities and other smart environments. Established in 2005 and headquartered in Switzerland, the Company is part of MinebeaMitsumi Group, leading global provider of Electro Mechanics Solutions™ , and controls Tinynode, specialized in Smart Parking technologies.
For further information, please visit www.pdxeng.ch