Introducing DenCity: World’s First Blockchain Enabled City

On October 31, 2008, a mysterious person named Satoshi Nakamoto published his famous whitepaper introducing world to a Peer to Peer mode of payments he called bitcoin. This P2P currency was based on a technology named Blockchain, a distributed ledger in which transactions are recorded publicly and chronologically. Then, in 2013, a 19 year old from Canada, Vitalik Buterin, came up with the concept of Ethereum which included Smart Contracts protocol which gave Blockchain its much needed first real push.

Since then, it’s been an upward ride for Blockchain. Since 2013, many blockchain startups have come up in different sectors ranging from healthcare to education. There is Status for messaging, Ripple for payments, IOTA for Internet Of Things who are leading development in their sectors. However, a city built on Blockchain encompasses everything and puts all these services into one bucket. Blockchain eliminates all centers of power in an environment and makes all the processes and records openly available to the public.