Olsztyn, Poland is said to be the first city in the world to use the Ethereum blockchain for emergency relief, providing another viable use case for distributed ledger technology.
Olsztyn has completed a successful test run of SmartKey, a bridge technology linking the blockchain with physical assets to assist police, fire and ambulance services.
Reportedly, SmartKey will enable lifeguards to perform their jobs more efficiently by linking the smart contract to Teltonika smart devices used by local rescue teams. This calling allows emergency personnel to enter any building in the city without having to track down a keychain or wait for permission.
Gustav Marek Brisbane, Marshal of the Varmin-Masurian County, where Olsztyn is located, made the following statement:
Our rescue services must carry out their missions unhindered. The use of blockchain technology and SmartKey appears to be the perfect solution that ensures the safety of building owners and residents, as well as the freedom of our emergency services. ”
SmartKey believes that blockchain technology can lay the foundation for the development of smart cities. While definitions vary, a smart city refers to any urban area that uses new technologies and sensors to collect data that can then be used to better manage assets, resources, and services. As a model, smart cities accommodate other theories of sustainability and economic development.
The Internet of Things or IoT could have dangerous impacts on smart cities in the future. Connected devices are expected to represent one of the biggest growth opportunities in the next decade. The World Economic Forum, for example, has identified the Internet of Things as an important pillar of “urban transformation”, especially in the wake of COVID-19.
There are several cryptocurrency projects operating in the Internet of Things, the largest of which is Iota (MIOTA) with a market value of $ 825 million. Dozens of others have a market value of at least $ 1 million or more.