Ledger (Jun 2024)
Decentralization, Blockchains, and the Development of Smart Communities in Economically Challenging Environments
Abstract
Current implementations of blockchain technologies for smart cities assume environments with ample socio-technical resources. In this paper, we analyze four particular cases to show how blockchains can be used to create smart communities within under-developed and resource-poor environments. In these contexts, blockchains were critical in developing and maintaining trust within the community while meeting specific social needs. Our analysis of these specific cases was then used to derive a definition of a “smart community”. We provide a schematic outline of the foundational elements for the development of smart communities using blockchain technology. The goal of our paper is to show that blockchains hold promise not just for building smart cities in resource-rich contexts, but also for building smart communities in resource-impoverished contexts using a bottom-up, problem-driven approach.
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