Music producer Akon will be building a crypto-powered futuristic city in Senegal. The singer has gotten regulatory approval and has finalized the agreement for Akon City with the local government. The futuristic city will be build in Mbodiene, five minutes away from the country’s new international airport.
Construction already began in 2019, and the second stage of construction will commence in 2025. Akon City will take ten years to complete and requires two billion dollars. The futuristic blockchain city will be build on two thousand acres of land provided by president Macky Sall.
The entire city will use Akoin, which is Akon’s own cryptocurrency. This crypto project also supports decentralized applications. Akoin isn’t on the market yet, but this will happen this Autumn. Akon wants to build his futuristic city to create an environment where everybody has equal opportunities and governments can’t be corrupt. In addition the city will be energy and environment friendly.
Blockchain utility growing in cities worldwide
All around the world cities are slowly embracing cryptocurrencies and blockchain technology. For example in Japan and Brazil cities are or will be using cryptocurrencies to pay for public transit. At the same time the European Commission has invested millions of euros in the creation of self-sustainable cities that build their services on blockchain technology.
The rise of 5G wireless internet could help blockchain technology to reach mainstream usage. A blockchain powered by 5G has five application scenarios according to China Telecom. The telecom company mentioned for example identity verification, financial services, supply chain tracing services, judicial application and the express delivery industry.
Also published on Medium.