If cities followed Vitalik Buterin’s model, revenue generated from cryptocurrency projects could be recycled into exponential technologies such as solar energy projects, vertical farming, and 3D printing.
Since their earliest manifestations, cities have been vital to our collective future. Cities are engines of commerce, thought, culture, and innovation. Even during the downturn caused by the COVID-19 pandemic, cities have demonstrated their persistence and pushed humanity forward with critical leadership on the pressing issues facing the world. We need cities more than ever, to solve the challenges of climate change, globalized trade, and political stagnation. The best way to ensure that cities are up to the task is to bolster self-governance efforts. Blockchain technology is an ideal and underutilised tool to accomplish this task.
