IoT and Blockchain for Smart Cities

Abstract

Blockchain is a Distributed Ledger Technology (DLT) that makes it possible to secure any type of transaction. This is because the information stored on the Blockchain is immutable, impeding any type of fraud or modification of the data. It was first created for Bitcoin transactions; however, the research community has realized its potential quickly, and started using it for purposes other than cryptocurrency transactions. Blockchain may even be used to secure and provide reliability to the data being transmitted between computational systems, ensuring their immutability. Given the amount of data produced within a smart city, the use of Blockchain is imperative in smart cities, as it protects them from cyberattacks and fraud. Moreover, the transparency of the information stored on Blockchain means that it helps create a more just and democratic society