4.5 Article

Blockchain-based sharing services: What blockchain technology can contribute to smart cities

Journal

FINANCIAL INNOVATION
Volume 2, Issue 1, Pages -

Publisher

SPRINGER
DOI: 10.1186/s40854-016-0040-y

Keywords

Smart city; Blockchain; Sharing economy; Internet of Things (IoT); Smart contract

Funding

  1. Jiangsu Social Science Research Foundation [12DDB012]
  2. National Natural Science Foundation of China [71671174, 71472172]
  3. Fundamental Research Funds for the Central Universities of China [WK2040160013]

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Background: The notion of smart city has grown popular over the past few years. It embraces several dimensions depending on the meaning of the word smart and benefits from innovative applications of new kinds of information and communications technology to support communal sharing. Methods: By relying on prior literature, this paper proposes a conceptual framework with three dimensions: (1) human, (2) technology, and (3) organization, and explores a set of fundamental factors that make a city smart from a sharing economy perspective. Results: Using this triangle framework, we discuss what emerging blockchain technology may contribute to these factors and how its elements can help smart cities develop sharing services. Conclusions: This study discusses how blockchain-based sharing services can contribute to smart cities based on a conceptual framework. We hope it can stimulate interest in theory and practice to foster discussions in this area.

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