"This project, realized with the support of EY, makes the city a pioneer in the implementation of blockchains in public administration and we are committed to an open and participatory city with reduced bureaucracy. With blockchain, government employees, residents or app developers can trace changes in data, so if someone changes the bus route – which is linked to mapping applications – an alert can be triggered. We will continue teaming with experienced professionals such as EY to pool knowledge and establish Vienna as a center of competence for blockchain – as well as one of the most forward-looking technology cities in Europe and worldwide."Moreover, Paul Bordy, the Global Innovation Leader at EY is equally optimistic:
"When we think about the most useful applications for blockchain technology, increasing transparency is near the top of the list. From a foundation of transparent, reliable information, we can build all kinds of value add, analytics and insights, but it all starts with trustworthy information. We're very proud to be working with the City of Vienna in this journey."This is a very exciting development for blockchain technology across Europe. Of course, should all go well within Vienna, EY will want to branch out and offer this transformation across other cities in the country and further afield. If Vienna succeeds on the blockchain, the technology is sure to sweep Europe’s other capitals. The blockchain is a solution for a great deal of things, finally, authorities are starting to recognise this.