Categories: NewsTechnology

Singapore En Route To Become The World’s First “Smart Nation”

The concept of creating “smarter cities” has been kicked around for quite some time now. Revamping an entire city’s infrastructure is not an easy feat by any means. Singapore, a place known for embracing innovation, is on the verge of becoming the world’s first smart city. With a strong focus on digitization, things are finally starting to fall into place.

Making Singapore Smarter Is Challenging

After nearly two years of running the Smart Nation initiative, Singapore is slowly transforming into what experts define as a “smart city.” Given the nation’s rather small size, it is much easier to achieve such a feat in that part of the world. With high-speed internet access available to everyone on the island, and more mobile devices in existence than residents, things are starting to look positive.

Many things have changed over the course of those two years, though. Singapore is a nation where the vast majority of residents live in public housing, a number that will surprise quite a few people. This is an optimum situation for experimenting with Smart Nation ideas and technology, including sensors to measure energy consumption, water usage, and other things. All of this information is recorded and shared in real-time.

In return, these sensors are tied to smart applications, which provide residents with valuable feedback. Wasting less water and energy or improving waste recycling are just two of the things being experimented with. The government, which also receives the data, can then improve its urban planning and maintenance of public housing.



Related Post

But things go much further than housing or waste disposal. The healthcare sector is in dire need of newer technologies which can act in a “smart” manner. Singapore is testing their Elderly Monitoring System, a collection of in-house sensors which track movement. A lack of activity will send warnings to family members to ensure that they check up on the people residing in the home.

Perhaps one of the areas of our society that needs smart technology more than others is transportation. Self-driving vehicles are rather prominent in Singapore, and autonomous taxis are starting to become more common as well. The government is using different sensor types to track transportation and traffic, allowing them to improve traffic conditions faster.

While all of the above may sound futuristic to a lot of people, it is not unrealistic to expect to see similar initiatives in other cities and countries over the coming years. There is a lot of information out there that is not being recorded or used correctly. Big data, and more importantly, smart data, are the driving factors of smart cities. In the end, these are initiatives that nearly everyone can benefit from in some way or another.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

21 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

22 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

2 days ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

2 days ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

3 days ago

Exponent Finance Launches V2 To Expand Institutional Yield Markets On Solana

From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…

4 days ago