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Asian Mayors Forum is an international non-governmental organization established at the initiative of Tehran Municipality and with support from the Asian Parliamentary Assembly. Its first official meeting took place in 2008, where more than 100 mayors and urban leaders from Asian cities gathered in Tehran. 1st asian cities startup weekend programme was occuried in 2024 to facilitate sustainable use of resources and boost the creative economy by proposing innovative urban solutions. Asian Mayors Forum has recently initiated a platform called “InCity”, in order to organize a chain of events and develop creative and innovative activities in international and local levels. This platform provides a place to communicate, exchange experiences, introduce capabilities and innovations and discuss challenges between the cities. InCity is active in various formats such as Startup Weekend, Lifestyle, Talk, Act, Play, etc. The motto of this forum “Asia for Citizens, integrity for Better Life”, is in line with its goal of expanding and promoting cooperation between the Asian cities, city managers and citizens.

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21SC: Digital Transformation in Smart Cities: Decentralized Architecture for Sustainable Development within the Web 3.0 Ecosystem

armanriazi.github.io@gmail.com

Ordcid: 0000-0003-3729-6290

Abstract

As systems based on Web 3.0 become increasingly widespread in the era of infrastructure and smart cities, they face unique challenges related to data security and system scalability. The concepts of Industry 4.0 and Society 5.0 denote a forthcoming enhancement within city systems. The integration of ICT and cutting-edge technologies across the entire production enterprise facilitates the exchange of information, trust, efficiency, and profitability among all parties involved. The ReFi concept comprises eight principles, which are also embraced by the Smart City concept. It is posited that the envisioned scenario involves the creation of smart contracts and deploying them on a blockchain network for access roles in IoT data sensing. The purpose of research is to overview and propose an architecture and major considerations for the planning and implementation of web 3.0 ecosystem, behind which is the convergence of advances and developments in IOT, AI, ReFi, DeFi, and smart city.

Keywords: natural capitalism, sustainability, smart city, Web 3.0

Highlights

  • Smart city transformations are socio-cultural and organizational processes.
  • An integrated web 3.0 platform can be middleware to enable collective governance.
  • Smart city transitions account for existing socio-economic and institutional contexts.
  • Multi-level governance in smart cities is critical for inclusive urban transformation.
  • Multi-owner property, natural capitalism, sustainability, smart cities, smart contract, web 3.0, blockchain, energy credit, regenerative finance, digital transformation, money and sustainability.

Digital Transformation in Smart Cities: Decentralized Architecture for Sustainable Development within the Web 3.0 Ecosystem

DOI

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Cite this Exchangable NFT

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A. Riazi (2024), Digital Transformation in Smart Cities Decentralized Architecture for Sustainable Development within the Web 3.0 Ecosystem. ScieNFT. https://scienft.com/nfts/5756

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