Blockchain and Distributed Autonomous Community Ecosystems: Opportunities to Democratize Finance and Delivery of Transport, Housing, Urban Greening and Community Infrastructure

Riggs, William; Vyas, Vipul; Sethi, Menka; San Jose State University. College of Business. Mineta Transportation Institute

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Blockchain and Distributed Autonomous Community Ecosystems: Opportunities to Democratize Finance and Delivery of Transport, Housing, Urban Greening and Community Infrastructure

2022-07-01
By Riggs, William ; Vyas, Vipul ; Sethi, Menka

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English

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Creators:

Riggs, William ; Vyas, Vipul ; Sethi, Menka

Riggs, William ; Vyas, Vipul ; Sethi, Menka Less -
Corporate Creators:

San Jose State University. College of Business. Mineta Transportation Institute
Corporate Contributors:

State of California SB1 2017/2018, Trustees of the California State University Sponsored Programs Administration ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology

State of California SB1 2017/2018, Trustees of the California State University Sponsored Programs Administration ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology Less -
Subject/TRT Terms:

[+]

Autonomous Vehicles Blockchains Computer Security Connected Vehicles Cryptocurrency Data Sharing Housing Information Processing Infrastructure Machine Learning Municipal Services Tokens Transportation Urban Greening
Publication/ Report Number:

22-34
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

San Jose State University. College of Business. Mineta Transportation Institute
Abstract:

This report investigates and develops specifications for using blockchain and distributed organizations to enable decentralized delivery and finance of urban infrastructure. The project explores use cases, including: providing urban greening, street or transit infrastructure; services for street beautification, cleaning and weed or graffiti abatement; potential ways of resource allocation ADU; permitting and land allocation; and homeless housing. It establishes a general process flow for this blockchain architecture, which involves: 1) the creation of blocks (transactions); 2) sending these blocks to nodes (users) on the network for an action (mining) and then validation that that action has taken place; and 3) then adding the block to the blockchain. These processes involve the potential for creating new economic value for cities and neighborhoods through proof-of-work, which can be issued through a token (possibly a graphic non-fungible token), certificate, or possible financial reward. We find that encouraging trading of assets at the local level can enable the creation of value that could be translated into sustainable “mining actions” that could eventually provide the economic backstop and basis for new local investment mechanism or currencies (e.g., local cryptocurrency). These processes also provide an innovative local, distributed funding mechanism for transportation, housing and other civic infrastructure.
Format:

PDF
Funding:

ZSB12017-SJAUX
Collection(s):

University Transportation Centers
Main Document Checksum:

[+]

urn:sha256:284b322300b4e0e9457445f99c6ca234038d90affcf67188fd2de41b51dad73c
Download URL:

https://rosap.ntl.bts.gov/view/dot/63155/dot_63155_DS1.pdf
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Blockchain and Distributed Autonomous Community Ecosystems: Opportunities to Democratize Finance and Delivery of Transport, Housing, Urban Greening and Community Infrastructure

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