Cisco names 10 cities using its cloud-based smart service

Cisco, which has promoted its smart city technologies for more than two years, today announced that 10 cities, including Paris and Copenhagen, are using its cloud-based service to connect to traffic, parking and environmental sensors in real time.

Insights from the data collected from the Internet of Things sensors can help city agencies make operations more efficient, reduce costs and respond quicker to emergencies, Cisco said.

Cisco is showcasing the technology at the Smart City Expo World Congress 2016 in Barcelona this week. The networking giant calls its service the Cisco Smart+Connected Digital Platform.

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CIO Cloud Computing

A blockchain ‘smart contract’ could cost investors millions

Investors in a “smart contract” built on the Ethereum blockchain platform may have lost cryptocurrency worth millions of dollars because they missed a loophole in the contract’s fine print.

The contract was written in Ethereum’s Solidity programming language, and the fine print was the code that set out the rules for investing in, operating, and withdrawing from a crowd-sourced venture capital fund called The DAO (The Distributed Autonomous Organization.) .

Ethereum, like other blockchains, is a distributed public ledger, or record of transactions. Where the bitcoin ledger records bitcoin transactions, the Ethereum blockchain records transfers of a cryptocurrency called Ether. But there’s more: Ethereum is also a platform for running smart contracts. Its creator, the Ethereum Foundation, describes smart contracts as “applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.”

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Network World Cloud Computing