The FICCI- PwC report on ‘Blockchain: the next innovation to make our cities smarter’ to be released at the Smart Cities Summit organized by Federation of Indian Chambers of Commerce and Industry

The Smart Cities Summit aims to deliberate upon the upcoming business opportunities in the cities, challenges of project execution, adoption of innovative technologies and necessary policy interventions for the Smart Cities Mission.

The 100 Smart Cities Mission (SCM) is one of the key initiatives taken by the Government of India to change the urban ecosystem in India. With 90 cities already selected under the mission and about 2800 SCM projects rolled out in the last 3 years, active engagement with the relevant stakeholders is very critical at this stage.

To realize the objectives of SCM, cities are being planned in a way that fosters clean environment, nestles smart infrastructure and facilitates accessibility for the vulnerable groups. Additionally, adopting new technologies remain central to the implementation of this key initiative as it addresses the key concern points in the area of water management, energy saving, urban mobility, housing and accessibility. In view of the same, it becomes imperative to explore the possibility of adopting dynamic and efficient technologies for making our cities smarter.

The report provides a broad understanding of the current urban challenges being tackled through smart cities. The report highlights one of the new technology breakthroughs—blockchain and analyses its transformative potential in making our cities smarter. Further, it explores multiple uses of the blockchain technology in the smart city domain and explains the prerequisites for the adoption of a blockchain-based solution and the way forward.

We hope you will find this report useful. Your suggestions and feedback are welcome. Read More