Cities managed with the help of blockchain are not an invention, but a reality that is quickly making its way into our lives. We have already talked about how many countries around the world are gradually implementing control systems based on blockchain. In principle, the main trends of the modern world have long indicated that in the near future the looks of our cities and life inside them will undergo radical changes. One of these markers can safely be considered the joint and equally-distributed use of facilities. In general, such a new approach to the use of resources has already raised serious worries among many well-known sociologists and economists, even creating a meme "Millenials are killing," the idea that people born after 1980 exterminate entire industries due to a lack of interest in them.

Joint Consumption Ruins the Foundations of Old

The modern economy of collective consumption, which has generated such market giants as Airbnb and Uber, has its drawbacks in the part of an equitable distribution of resources. Being, in fact, monopolists in their sectors, they have a serious impact on the formation of prices and use the assets already paid for by other people. As a result, by being simple aggregators, they turn out to be the main beneficiaries, while, for example, the tenants and taxi drivers are often forced to resort to dumping policies. Blockchain can solve this problem. A distributed peer to peer structure is exactly what is needed for service providers that are currently losing out.

For example, to use the car sharing Arcade City blockchain-based community, one can simply buy tokens, and then use them to pay for their journey after selecting the route. If a driver is interested in a nearby offer, they pick up the passengers. After confirmation of the end of the trip from the client's side, the driver receives their fee.

The Australian city of Perth has found a solution that allows ordinary electricity consumers to sell surplus electricity generated by solar panels using smart contracts. The services of intermediaries are absolutely unnecessary in this case.

The American city of Austin, Texas has launched a program under which 2,000 people without a fixed place of residence will receive IDs set on the blockchain. This program will help people who find themselves in a difficult life situation find the services they need and merge their records with other databases.

In the municipal sector, blockchain can be useful in forming a huge number of connections that can be used for such purposes as the election process, communication on housing and communal services or energy distribution. This technology can become irreplaceable in the process of shifting from obsolete systems.

A Solution for the Social Sector

Blockchain can help solve or at least substantially reduce social inequality which assumes that the rich become richer and the poor become poorer.

Even in a country with a high standard of living, like the United States, the problem of poverty is quite acute. It is the poorest strata of the population that will benefit from the emergence of smart cities.

In addition, poor people are denied loans because of their low financial standing. But if they still risk taking out a "loan,” then the lender will probably not be a bank. Sometimes it can be even criminal or near-criminal structures, which also have a very negative impact not only on impoverished people but also on the general atmosphere of a city. With blockchain technology, we can create a structure for tracking and building transactions between subagents.

The Election Issue

The openness, transparency, and comprehensive nature of elections are one of the main pillars of the modern democratic world. Society, however, does not always manage to observe all the necessary procedures guaranteeing the fulfillment of all conditions for fair elections. If all the votes are recorded in a public distributed structure, then every incorrectly counted or forgotten vote can be counted anew. Such measures are also ideal for people with disabilities and other citizens who cannot visit polling stations on election day.

The Future of Urbanism Lies with Blockchain

It is interesting that some crypto enthusiasts have even more ambitious, futuristic, and far-reaching plans and forecasts for the use of blockchain in the urban environment. For example, one study reported that in the future people will be able to use unmanned vehicles with a well-established internal communication structure.

If the authorities grant their citizens more freedom by developing a system of decentralized urban management, we will most likely be able to live in a pleasant, high-tech society in the future aimed at solving new problems and not suffering from the improper allocation of resources among its members.