NFTs in Smart Cities: Vision, Applications, and Challenges

Ahmad Musamih; Ahmed Dirir; Ibrar Yaqoob; Khaled Salah; Raja Jayaraman; Deepak Kumar

doi:10.1109/MCE.2022.3217660

NFTs in Smart Cities: Vision, Applications, and Challenges

Ahmad Musamih
, Ahmed Dirir
, Ibrar Yaqoob
, Khaled Salah
, Raja Jayaraman
, Deepak Kumar

Research output: Contribution to specialist publication › Article

22 Scopus citations

Abstract

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.

Original language	British English
Pages	1-14
Number of pages	14
Specialist publication	IEEE Consumer Electronics Magazine
DOIs	https://doi.org/10.1109/MCE.2022.3217660
State	Accepted/In press - 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure
SDG 11 Sustainable Cities and Communities

Keywords

Consumer electronics
Government
Metadata
Nonfungible tokens
Smart cities
Smart contracts
Standards

Access to Document

10.1109/MCE.2022.3217660

Cite this

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abstract = "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.",

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AU - Dirir, Ahmed

AU - Yaqoob, Ibrar

AU - Salah, Khaled

AU - Jayaraman, Raja

AU - Kumar, Deepak

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KW - Smart cities

KW - Smart contracts

KW - Standards

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ER -

NFTs in Smart Cities: Vision, Applications, and Challenges

Abstract

UN SDGs

Keywords

Access to Document

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