Blockchain technology coming to a city near you

Blockchain Technology Coming to a City Near You
Wednesday, 22 November 2017 — Albert Park
By Ryan Dinse

• Blockchain technology coming to a city near you
• The value of uncertainty

In today’s Money Morning…Fremantle to become Australia’s first ‘smart city’…cutting the middle man out of the electricity market…how blockchain will transform the economy, and how you could gain as it does…and more…

There’s a lot of chatter about blockchain, cryptos, initial coin offerings and the like these days.

And I’ll admit I’m part of that.

But with good reason.

The potential changes to the financial and commercial system are huge. We’re talking changes of epic proportions.

Potentially…

There’s not so much tangible evidence to point to yet, though. And a lot of the benefits are still at the conjecture level.

They’re not in the real world.

A non-bitcoin holding sceptic might reasonably ask the question, ‘But what’s happening right now that affects me?’

Well, the residents of Fremantle, Western Australia could be about to find out soon…

Over the next two months, Power Ledger is about to roll out a proof of concept in Fremantle.

It’s the first step in turning Fremantle into a ‘smart city.’

And blockchain is key to this ambition.

As you might know, Power Ledger was the first big Australian foray into the world of Initial Coin Offerings. Or ICOs, as they are commonly known.

Under guidance from Australian listed company Digital X [ASXCC], Power Ledger raised over $34 million this October in return for 1 billion POWR tokens.

These are the cryptocurrencies that support the Power Ledger project. And they’re available for anyone to buy.

So, what is the project all about?

And how’s it turning Fremantle in Australia’s first smart city?