Smart city projects — new height for global investment

Global smart city investment data

Nowadays, when governments across the world launch new infrastructure investment and construction, high-tech such as blockchain, artificial intelligence, Internet of Things, big data, etc. have become key components of the urban development plans of various countries. Especially those megacities have invested more funds in smart city projects, which will bring many job opportunity and life conveniences to urban residents.

According to the latest global market research report of the International Data Corporation (IDC), the expenditure of the global smart city plan in 2020 will reach US$124 billion, an increase of 18.9% compared to 2019. From a regional perspective, the United States, Western Europe, and China will account for more than 70% of global smart city spending in the overall forecast. Overseas in Europe, the Middle East and Asia, including cities such as Singapore, Seoul, London, Helsinki and Melbourne, are the best examples of smart cities.

In 2020, the spending on smart cities in Latin America and Japan will be the fastest-growing regions, while the spending on smart city construction in Tokyo, New York, London, and Singapore will each exceed US$1 billion in 2020. According to Deloitte statistics, China’s smart city market alone has maintained a growth of more than 30% in recent years.

No matter which smart city it is, it is inseparable from the promotion of digitalization in all aspects of economy, life, governance, and all fields, from local key fields to all industries, from the government to enterprises and residents. Therefore, new requirements have also been put forward on the technical level. Not only are big data technology, AI , and blockchain are also required, but application development will also be needed. Investors are also targeting new technologies and application areas.

What exactly is invested in a smart city?

The city has now evolved into a fertile ground for incubating new industries. Many city managers regard the construction of smart cities as building a unified digital base for the city. And urban smart brains have also become fertile ground for carrying the digital economy. In the process of building smart brains in each smart city, it will nurture many new industries. For an urbanized, informatized, and data-based smart city, network security, Data security will become very important.

Investment depends on the topic, and the region. There are more people, more projects, and better vitality in this region, and investment will come. As an investor, you will pay more attention to infrastructure, and at the same time will the applications derived from these infrastructures in advance.

1. Invest in the upstream of smart cities

Investors will pay the most attention to the infrastructure, such as our human blood vessels and bones. To this extent, we will attach importance to a series of technologies such as 5G, big data, artificial intelligence, and how to complete the manufacturing of smart city equipment including hardware facilities and software design.

2. Invest in the middle reaches of smart cities

Cities need a lot of data transmission. Our abilities to see, listen and exercise, correspond to cameras, various terminals on the Internet, and machine operations. These constructions include top-level design, system integration, operation services and solutions. Under the prevalence of the digital economy and new infrastructure, investing in data assets and investing in technologies and projects that realize the value of data has become an increasingly bright investment direction.

3. Invest in the downstream of smart cities

This refers to the entire smart city system, based on different scenarios, such as smart transportation, smart medical, smart agriculture and other scenarios.

What needs can the CyberVein smart city solution meet?

Smart city projects can find their own value and market space only when they find real demands, and can better leverage the government’s industrial resources and policy resources. The smart city is a huge thing to do, a carrier for the implementation of all technical capabilities. This is not something that ordinary cities or ordinary small projects can do. It requires a strong alliance to integrate a large amount of resource cooperation and support.

Cities around the world are replacing educated guesses with data-based decisions. In the process, city managers are building a new kind of infrastructure that combines bits and pieces of data with steel and stone, which is beneficial to residents, the environment, and society.

As the core production factor of the data economy, data is the key to the construction of urban life, whether its circulation is “smooth” or not, but it is often “blocked” due to issues such as security, uneven distribution of revenue made by data, and data ownership. CyberVein provides a guarantee for the comprehensive promotion of urban digital transformation.

CyberVein builds DAVE, consisted of “Internet of Things, digital connections, and intelligent connections” in accordance with the principle of “planning as a whole, building and sharing together”. PISR database, DAG storage chain, Cytrix distributed computing power platform, AI federation learning, and decentralized NFT issuance and auction platform can all build a “lightweight, centralized, and shared” smart city brain, centering on data, technology, and business collaboration, gathering multi-source heterogeneous data such as government services, city operation perception, market and social entities, formulating unified data standards, interface specifications, and calling rules to achieve cross-departmental and cross-industry system platform data docking.

CyberVein’s entire ecosystem revolves around big data, helping to establish a data element market, improving data element production, confirmation, circulation, application, and profit distribution mechanisms. It aims to build a data operation service ecosystem, and improve the digital flow mechanism and explore an information facilitation system, guiding the establishment of a data governance and security assurance system and maximized the value of data. In addition, it will further improve social productivity and operational efficiency. CyberVein allows cutting-edge technology seeds to take root and germinate, allowing more countries and regions to form a smart city.

CyberVein reinvents decentralized databases and the way we secure and monetize information.