JTC, a government agency under Singapore’s Ministry of Trade and Industry, has teamed with Wanxiang Blockchain, a China-based blockchain nonprofit research institution, to test new use cases for emerging technologies.
These new real-world applications will revolve around blockchain, IoT, artificial intelligence (AI), 5G and more at JTC’s Punggol Digital District in Singapore.
Vibrant digital economy
The partners cite blockchain as a closely watched technology that is playing an increasingly vital role in developing a vibrant digital economy and, eventually, building a “well-functioning” smart city.
For instance, they report the use of blockchain technology will help with “thorough and effective” 3D city planning, enabling a forward-looking digital city by integrating the physical world, data and communication infrastructure.
According to Wanxiang,…
