Blockchain is more than just a platform for mining bitcoins or facilitating peer-to-peer transactions in energy trading. For one start-up in Singapore, it provides the building blocks for a smart city.
The 100-hectare development is planned for Cambodian capital, Phnom Penh and will include residential and commercial property, schools, an exhibition hall and shopping precinct. According to developers, Limestone Network, the project will impact 10,000 business tenants and approximately 190,000 people daily.
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Source: Smart Energy International