2019
DOI: 10.3390/urbansci3010038
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The Potential of Blockchain within Air Rights Development as a Prevention Measure against Urban Sprawl

Abstract: The rapid rise in urbanization internationally is both driving and stressing our consumption patterns, including that of land use. Urban sprawl is arguably one of the most important threats to human and nature biodiversity given its reliance upon fossil fuel exploitation and consumption. The need for increasing the density of cities is required to contain urban expansion in land size. However, while the footprint density of cities is increasing, vacant plots are prized and rare in most urban areas. Tradable ai… Show more

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Cited by 19 publications
(5 citation statements)
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“…On this, Gaille [5] argues the valuable role these devices play in influencing the advancement in this sector, as big data is positioned as the new 'gold rush' of the 21st century and associated benefits with big data are clearly influencing geopolitical standings, in both corporate and conventional governance realms, and there is increased competition between powerful economies to ensure that they have the maximum control of big data. The 'push and pull' from the rollout of Smart Cities technologies and in particular Huawei's 5G rollout is testament to this [35][36][37]. On this, it has been noted that the issue of data control and handling by a few corporations must not be geared solely for individual profit making or to benefit the territories they are registered in.…”
Section: On Ai-driven Algorithms and Bioinformaticsmentioning
confidence: 99%
“…On this, Gaille [5] argues the valuable role these devices play in influencing the advancement in this sector, as big data is positioned as the new 'gold rush' of the 21st century and associated benefits with big data are clearly influencing geopolitical standings, in both corporate and conventional governance realms, and there is increased competition between powerful economies to ensure that they have the maximum control of big data. The 'push and pull' from the rollout of Smart Cities technologies and in particular Huawei's 5G rollout is testament to this [35][36][37]. On this, it has been noted that the issue of data control and handling by a few corporations must not be geared solely for individual profit making or to benefit the territories they are registered in.…”
Section: On Ai-driven Algorithms and Bioinformaticsmentioning
confidence: 99%
“…With traditional contracts, the contracting parties face transaction costs linked to the necessity of appointing a third party to verify and enforce the contracts. However, with smart contracts, the self‐executing character of these contracts means that third party verification is not necessary (Allam & Jones, ) and further, smart contracts are programmed to reduce human error and speed up the transaction (Giancaspro, ).…”
Section: Reducing Transaction Costs Of Tps Using Blockchain Smart Conmentioning
confidence: 99%
“…However, this may face some resistance from an economic perspective, as ICT corporations would be expected to favor specific networks riding on proprietary technology, thus ensuring market monopoly. Although this is the case, there have numerous calls from various authors [5,7,[103][104][105] to highlight the economic benefits for economic inclusivity through the democratization of smart city technologies and ICT networks, thereby leading to a wider adoption and resulting in higher profit margins by ICT corporations.…”
Section: Discussionmentioning
confidence: 99%