You are viewing 1 of 2 articles without an email address.


All our articles are free to read, but complete your details for free access to full site!

Already a Member?
Login Join us now

San Diego students invest in smart city platform

The $1mn investment is via Triton Funds, a private investment fund launched by the university students

LinkedIn Twitter Facebook
 The UCSD campus in California. Image courtesy: UC San Diego Publications
The UCSD campus in California. Image courtesy: UC San Diego Publications

Students from the University of California, San Diego (UCSD), are investing $1m to help speed the roll-out of DigitalTown’s global smart city network across university communities.

 

The backing for the blockchain-based platform, powered by DigitalTown, comes via Triton Funds, a private investment fund launched by students from UCSD.

 

DigitalTown helps people search, connect, and buy local in more than 13,000 cities globally. The company’s search technology is branded in the identity of each city and creates discoverable online communities on web and mobile where residents and visitors take part in local economic success.

 

Any member of any DigitalTown is also able to access the services of any other DigitalTown through a single login that empowers residents and visitors to see the world through local eyes, according to the company.

 

“DigitalTown is one of the few companies that is making progress towards the evolution of the modern city. [It] understands the big picture of implementing a seamless platform for locals and visitors,” said Sam Yaffa, one of three co-founders of Triton Funds.

 

“In addition, the company gives municipalities the opportunity to fund operations through revenue rather than tax. This feat should be applauded, particularly when compared to modern corporate conglomerates that often fail to invest in communities.”

 

DigitalTown said it has embarked on an ambitious plan for the future of communities. The company envisions a global network of thriving sovereign local economies where residents and visitors buy local and buy direct. In effect, every city, town or village becomes its own Google, Amazon, Expedia, OpenTable, AirBnB, PayPal and Coinbase, all in one, branded in the identity of the city, and owned by locals through Blockchain-based CityShares.

 

“Momentum is building for the global adoption of our blockchain-based platform for empowering thriving local economies built on the decentralised internet,” added Rob Monster, CEO of DigitalTown.

 

“The values of DigitalTown and Triton Funds are perfectly aligned. The Triton team is a timely accelerator in our efforts to engage youth, notably in university communities, in San Diego and beyond.

 

“Looking ahead, this partnership will help us to more effectively activate the millennial age cohort who have much to gain from the shift to a decentralised internet based on blockchain.”

 

If you like this, you might be interested in reading the following:

 

San Antonio goes digital

Each resident is given a secure blockchain smart wallet to send and receive money digitally and without fees

Read more

 

Platforms and blockchain could see local economies scale

All kinds of economic innovation are underway in many towns and smaller cities that are often overlooked. Annie Turner reports.

Read more

 

Blockchain for smart cities

Smart city solutions provider, DigitalTown, is launching a distributed ledger platform for managing shared ownership in its network of city portals

Read more

 

LinkedIn Twitter Facebook
1
0
Add New Comment
LoginRegister