Singapore-based startup BCB Blockchain, a global smart city infrastructure developer, is planning to turn Myanmar’s Yatai City into a smart city through an initiative which was launched by the Myanmar Yatai International Group, according to a report from outlet e27.
Despite prevailing notions that it is easier to develop a smart city from a well-structured city, Douglas Gan, CEO of BCB Blockchain, stated that “The fastest and most affordable way to turn a city into a smart city is to do it from scratch.” The main reason, according to Gan, is that it is more difficult to ask enterprises in a developed city to change their legacy infrastructure.
BCB is currently the exclusive blockchain provider for the US$15 billion smart city project, handling infrastructure for the ledger of assets, digital wallets, secure payments, general insurance and healthcare records.
Yatai City will also be used as a sandbox to test bleeding-edge solutions in a bid to jump from 3G to 5G (or possibly 6G) for all industries using blockchain as the data layer for security.
“BCB is dedicated to the establishment of a secure and trustworthy infrastructure for smart cities. In order to achieve the goal of a more livable, workable, trust-free and sustainable city of the future, we are committed to the development of the ecosystem, providing a one-stop shop for turning smart city concepts into smart city solutions and establishing an open platform to share BCB Blockchain technology with everyone across the globe.”
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