Ho Chi Minh City to Develop Blockchain Regulations for Smart Cities
Helen Partz's original article for cointelegraph.com reduced by 75%
Ho Chi Minh City will develop a blockchain-oriented regulatory framework for the development of smart cities. Tran Vinh Tuyen, Vice Chairman of the Ho Chi Minh's People's Committee, announced the news during the sixth annual international conference of Saigon High-Tech Park, Viet Nam News reports Nov. 11.
The concept of a smart city envisions the use of emerging technologies such as blockchain and artificial intelligence to improve the quality of municipal government services and citizen welfare. As a major technology that is expected to improve the transparency, speed and immutability of records, blockchain has been increasingly implemented in smart city projects globally. China recently introduced a new blockchain-based city identification system on Nov.
4. In June 2019, Automotive giant China Wanxiang Holding partnered with blockchain-based tech firm PlatOn to develop a smart city in Hangzhou. Earlier this year, a project at the University of Nevada, Reno announced it was developing a new blockchain-based autonomous vehicle smart city project.
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