1-touch Laser Photo Activation Code
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The European Union is in the process of building an integrated pan-European Internet of Things (IoT) grid using blockchain technology. The blockchain-based project will aim to bring public and private sector partners together by tapping into the use of different blockchain applications within the connected IoT ecosystem.
According to a press release published yesterday, the EU’s plan will involve the creation of a “Smart City Laboratory” in which participants can test blockchain and decentralized technology in the same way that they test IoT applications in the real world.
“The IoT is the future of our economies and society and it can play a major role in tackling climate change, building smart cities, creating more sustainable and clean energy,” said Maros Sefcovic, EU Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs. “The European Commission therefore launched in March 2017 a public-private partnership in IoT called Smart Cities to explore how we can exploit the potential of the Internet of Things to create smarter, more sustainable and more resilient cities.”
Blockchain technology is already known to play a role in the IoT system and has the potential to be even more crucial to the future development of the whole project.
For instance, the publication of the project describes how a blockchain platform would allow the sharing of hardware and software to solve problems in areas such as transportation.
“The government and EU institutions are investing in the development of [IoT] technologies through the EU Horizon 2020 funding programme to develop smart and efficient solutions in the areas of transport, energy, food and agriculture, health, ICT and innovation, the release states.
The publication of the project is the latest example of the EU’s growing interest in blockchain technology and the potential that it holds for the connected IoT system.
Last year, a branch of the EU called Blockchain Observatory and Forum was established to research and monitor blockchain technology and its applications for use in the EU.
Now, the Smart Cities initiative is looking to introduce blockchain technology to the problem of resilience in the energy sector, and is hoping that the results will lead to a number of benefits for the public and private sector.
“Connected IoT smart cities will have to manage a wide range of challenges, such as energy, transport, water and waste management, information, communication and more. The EU is therefore aiming to develop an innovative ICT and smart energy system, which can address the main societal challenges
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