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How Blockchain Technology Could Make Zoning Work for People

Picture this: A developer owns a plot of land in a gentrifying neighborhood. Under current zoning codes, and with current market incentives, the best bang they could get for their buck is to build high-rise luxury apartments. But this neighborhood doesn’t need luxury apartments. It needs a supermarket, and affordable housing for current, low-income residents. The existing zoning code isn’t designed to consider those needs. It just states that this plot is zoned residential.

Now, a group of researchers are working on a vision for a new type of zoning and a different incentive system that might be able to respond more dynamically to communities’ needs — using machine-learning algorithms, big data, and blockchain, the same technology underlying Bitcoin.

By Jen Kinney

https://nextcity.org/daily/entry/how-blockchain-technology-could-make-zoning-work-for-people

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