At less than a penny, small coins like the Noah Coin (NOAH) have incredible momentum.
In fact, one of the key reasons for that is its vision for smart cities, a story fueled in part by Microsoft founder and billionaire, Bill Gates.
Bill Gates Wants to Build a Smart City in Arizona
For example, investment company, Belmont Partners owned by Gates has already poured $80 million into a smart city project. Reportedly, it will be built on 25k acres of land near Phoenix. It’ll be equipped with high-speed networks, independent logistics hubs, and unpiloted transport.
However, Gates isn’t the only one with such a vision. Consulting firm McKinsey, there will be 600 smart cities all over the world by 2020.
Analysts expect them to generate 60% of the world’s GDP by 2025.
Blockchain Can Take that to Unprecedented Levels
Of course, blockchain can help.
Blockchain can automate workflow, public services, traffic administration, and optimization of urban systems (light sensors, road cameras, etc.), says a Noah Coin blog. Blockchain-driven financial management and trade logistics let conduct transparent and trustworthy transactions by removing needless intermediaries.
Creating a Borderless World with Noah Cities Project
For example, Noah Coin has plans for smart cities, as well with its Noah Cities project.
What’s exciting about Noah Coin is its goal of building an ecosystem. In fact, it wants to be involved in everything from digital wallets to beach resorts to even entire cities.
Noah Coin wants to help create a world without borders by reducing transaction fees. It would help do away with middlemen who may inflate costs. Look at travel for example.
According to the company, cryptocurrencies built on blockchain technology can help facilitate all business processes. Digital assets can streamline the payment procedures, making life easier for both carriers and passengers. Winding Tree for example, allows airlines and hotels to connect with travel operators and agencies directly, without excessive fees.
Noah Cities Project Goals
One of the Noah Coin’s short-term goals is to act as a link for the Japanese and Philippines tourism and retail sectors. To do so, they want to create “Noah Cities” where users can own, spend and transact the coin and grow its economy.
“We believe that the new cities, resort complexes and other centers will appear, offering more opportunities to transact in cryptocurrencies and helping wider adoption of crypto around the world. The local communities will be able to see how convenient, fast and economical virtual currencies can become,” says Noah Coin’s blog.
Brock Peirce Notes the Philippines is an Interesting Location for Cryptocurrencies
In addition Brock Pierce, co-Founder of Blockchain Capital, Chairman of Bitcoin Foundation and co-Founder of Block.one, believes the Philippines is an interesting location to develop blockchain technology.
One good reason for this is the number of unbanked population in the country, which is about 80% at the moment. Pierce mentioned that the challenge now is how to bring cryptocurrency and blockchain to the unbanked for them to enjoy and access the very basic financial services.
“We need to figure out how to get them onboard…Financial services are as important as clean drinking water.”
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