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http://dx.doi.org/10.22669/krsa.2021.37.2.035

Implications and Roles of Blockchain for Smart City  

Cho, Jaewoo (한성대학교 사회과학부)
Publication Information
Journal of the Korean Regional Science Association / v.37, no.2, 2021 , pp. 35-48 More about this Journal
Abstract
Modern cities are changing to 'smart cities' dramatically with the introduction and development of the fourth industrial revolution technologies. Among these technologies blockchain is unique because it not only embraces technological innovation but also societal revolution. Therefore, blockchain is expected to play a pivotal role for contributing comprehensive development of smart city. The current research and policy atmosphere in Korea, however, is that blockchain is just a new technology and its broader impacts are overlooked. This study argues that blockchain has significant effects on smart cities not only from technological perspectives but also from social, economic, institutional, governmental perspectives. Further, this study suggests three categories that blockchain can help the development of smart city: technology, socio-economic, and governance, with examples of existing blockchin projects. However, these projects have been builting separately without any interaction under the common hood of 'smart city'. To emhance influences of blockchain on smart cities in positive ways, private companies, policy maker, and citizend are supposed to consider and discuss about publi sector's blockchain that is commonly used in at the smart city level.
Keywords
smart city; blockchain; decentralization; inclusive growth; civil governance;
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