Bitcoin

A Polish city becomes the first to adopt the Ethereum blockchain for emergency services

Olsztyn, Poland, is using SmartKey built in Ethereum to optimize emergency services.

Olsztyn, Poland, is reportedly the first city in the world to take advantage of the Ethereum block chain to assist in the provision of emergency services, offering another tangible use case for distributed registration technology.

Olsztyn has completed a successful trial of SmartKey, a bridging technology that connects blockchain to physical assets to assist the police, fire and ambulance services.

Kryptomaniac swindlers pose as the Polish Financial Supervisory Authority
According to reports, SmartKey will enable rescue teams to do their job more efficiently by connecting a smart contract to Teltonika smart devices used by local rescue teams. This connection allows emergency teams to enter any building in the city without having to locate a key ring or wait for permission.

Gustaw Marek Brzezin, the marshal of the Warmińsko-Mazurskie Voivodeship where Olsztyn is located, issued the following statement

„The need for our rescue services to perform their duties without obstruction is delicate. The use of blockchain and SmartKey technology seems to be the perfect solution, which provides peace of mind for building owners and inhabitants, but also freedom for our emergency services“.

Will Bitcoin take the place of gold?
SmartKey believes that blockchain technology can lay the foundation for the development of smart cities. Although definitions vary, a smart city refers to any urban area that takes advantage of emerging technologies and sensors to collect data, which can then be used to manage assets, resources and services more efficiently. As a paradigm, smart cities fuel other theories of sustainability and economic development.

The Internet of Things, or IoT, could have important implications for future smart cities. It is believed that connected devices represent one of the biggest growth opportunities of the next decade. The World Economic Forum, for example, has identified IOT as an important pillar of „urban transformation“, especially after COVID-19.

Inter-company payment platform with Blockchain technology launched in Spain
Several crypto-currency projects operate in the IoT niche, the largest being Iota (MIOTA) with a market capitalisation of USD 825 million. At least a dozen others have a market capitalisation of USD 1 million or more.