TY - GEN
T1 - NFTs in Smart Cities
T2 - Vision, Applications, and Challenges
AU - Musamih, Ahmad
AU - Dirir, Ahmed
AU - Yaqoob, Ibrar
AU - Salah, Khaled
AU - Jayaraman, Raja
AU - Puthal, Deepak
N1 - Publisher Copyright:
IEEE
PY - 2022
Y1 - 2022
N2 - Non-Fungible Tokens (NFTs) have recently received widespread attention as their market has experienced massive growth since early 2021. NFTs are blockchain-based tokens used to represent ownership of digital and physical assets in a manner that is transparent, traceable, tamper-proof, secure, and trustworthy. Although NFTs have enabled new applications in the gaming and art industries, their full extent and potential are yet to be explored. In this paper, we outline the vision of using NFTs in smart cities. We describe the main components of NFTs and how smart city applications, such as smart governance, smart services, smart economy, smart industry, smart environment, and smart mobility and transportation, can benefit from them. In addition, we show how leveraging NFTs can add value to the metaverse.
AB - Non-Fungible Tokens (NFTs) have recently received widespread attention as their market has experienced massive growth since early 2021. NFTs are blockchain-based tokens used to represent ownership of digital and physical assets in a manner that is transparent, traceable, tamper-proof, secure, and trustworthy. Although NFTs have enabled new applications in the gaming and art industries, their full extent and potential are yet to be explored. In this paper, we outline the vision of using NFTs in smart cities. We describe the main components of NFTs and how smart city applications, such as smart governance, smart services, smart economy, smart industry, smart environment, and smart mobility and transportation, can benefit from them. In addition, we show how leveraging NFTs can add value to the metaverse.
KW - Consumer electronics
KW - Government
KW - Metadata
KW - Nonfungible tokens
KW - Smart cities
KW - Smart contracts
KW - Standards
UR - http://www.scopus.com/inward/record.url?scp=85141468434&partnerID=8YFLogxK
U2 - 10.1109/MCE.2022.3217660
DO - 10.1109/MCE.2022.3217660
M3 - Article
AN - SCOPUS:85141468434
SN - 2162-2248
SP - 1
EP - 14
JO - IEEE Consumer Electronics Magazine
JF - IEEE Consumer Electronics Magazine
ER -