Building Cities Beyond Blockchain: Smart City Blockchain Solution Platform

What is Building Cities Beyond Blockchain

Friends, imagine the cities we live in—how wonderful would it be if they could become smarter, more efficient, and more livable? The “Building Cities Beyond Blockchain” (BCB) project, as its name suggests, aims to leverage blockchain technology to help us “go beyond blockchain and build better cities.”

Simply put, BCB is a blockchain project focused on smart city solutions. It doesn’t seek to replace existing urban infrastructure, but rather hopes to use blockchain as a “digital trust engine” to connect various data, services, and participants in the city in a safer, more efficient, and more transparent way.

You can think of it as the brain and nervous system of a city, with blockchain as the core “trust layer” of this system, ensuring that all information exchanges and decision executions are fair and just. BCB is committed to providing a streamlined and secure blockchain protocol, integrating with other technologies to offer solutions for future smart cities, making them more livable, feasible, and sustainable.

In September 2020, BCB Blockchain announced a partnership with Huawei to jointly develop smart city solutions, with Huawei’s AI Lab supporting AI and blockchain projects based on the BCB protocol.

Project Vision and Value Proposition

The vision of the BCB project is to make city management smarter and more efficient through blockchain technology. It’s like a city planner, but this planner uses blockchain as a “digital ruler” to measure and build the cities of the future.

It mainly aims to address several core issues in smart city development:

• Data Acquisition and Ownership: Cities generate massive amounts of data, such as traffic, environmental, and personal data. BCB hopes to use encryption, hash algorithms, zero-knowledge proofs, and token incentives to allow data owners to safely contribute data and authorize its use for compensation—like giving each piece of data a “digital fingerprint” and “ownership tag.”
• Data Sharing and Interoperability: Currently, city data often exists as isolated “information islands” with little interdepartmental exchange. BCB leverages blockchain’s distributed ledger and cross-chain capabilities to enable open and transparent data sharing and flow between different systems, breaking down these silos.
• Social Collaboration and Incentives: Building smart cities requires multi-party participation. BCB uses consensus mechanisms, smart contracts, and token incentives to enable different roles in the city (citizens, businesses, government) to collaborate more effectively, and rewards contributions to city development, aligning individual and collective interests.

BCB’s value proposition lies in providing a trustworthy foundational infrastructure, allowing smart city applications to run more securely and efficiently, thereby promoting digital governance and enabling more effective growth.

Technical Features

The BCB project also has its own technical characteristics, like a tailor-made “operating system” for smart cities:

• BCB Chain: It has its own native blockchain, called BCB Chain, which is the foundation of the entire ecosystem.
• Consensus Mechanism: The BCB mainnet runs on Docker and PBFT (Practical Byzantine Fault Tolerance) algorithm.
  • Practical Byzantine Fault Tolerance (PBFT): This is a mechanism that allows multiple participants (nodes) in a distributed system to reach consensus even if some nodes fail or act maliciously. Think of it as a team meeting where, even if a few people disrupt or lie, the group can still make the right decision.
• High Performance: The BCB mainnet supports 10,000 transactions per second (TPS) with low transaction fees.
  • TPS (Transactions Per Second): This measures blockchain processing speed, like a car’s top speed—the higher the number, the greater the capacity.
• Smart Contract Support: It supports smart contracts and various smart city decentralized applications (DApps) and the creation of BRC20 tokens.
  • Smart Contracts: These are self-executing digital agreements coded on the blockchain; once preset conditions are met, the contract executes automatically without third-party intervention—like an automatically effective contract.
  • Decentralized Applications (DApps): Applications running on blockchain networks, not relying on any centralized server, with data and logic distributed across multiple network nodes—more transparent and censorship-resistant.
• Supernodes: The BCB mainnet runs on supernodes, which are maintained through fees generated by the ecosystem.
• Cloud Service Partnership: BCB ecosystem servers have migrated to Huawei Cloud, improving data transmission, information synchronization, and cloud storage efficiency, providing developers with a safer, more reliable platform and reducing server costs by 20%.

Tokenomics

The BCB project also has its own native token, called BCB. It acts as the “passport” and “fuel” of the smart city ecosystem.

• Token Symbol: BCB
• Issuing Chain: BCB Chain (native chain)
• Issuance Date: March 10, 2018
• Total Supply: 66 million BCB
• Total Circulating Supply: As of November 8, 2021, the circulating supply was 18.4094 million BCB.
• Token Utility:
  • BCB ecosystem holders can use the token to access BCB’s tools and related services.
  • Supernodes can increase token supply through ecosystem growth mechanisms.
• Historical Price Information (Note: The following is historical data, not current, and market information may be inconsistent):
  • All-time high price: $6.47 (on March 8, 2019).
  • All-time low price: $0.3120 (on January 7, 2021).
  • According to data from November 8, 2021, the price of BCB “went to zero,” and it was no longer circulating in the market at that time.

  Important Note: There are conflicting and inconsistent sources regarding the current market circulation and price of the BCB token. For example, one article on April 2, 2024, mentioned a BCB price of $188.14, while also citing the November 8, 2021, “zeroed” price, without providing market cap or trading volume. Other tokens named BCB (such as Blockchain Bets BCB or Bitcoin Bit BCB) show extremely low market caps and prices and are unrelated to this smart city project. Therefore, the current activity, market value, and circulation of the BCB token for the “Building Cities Beyond Blockchain” project are difficult to determine accurately—please do your own research and exercise caution.

Team, Governance, and Funding

The success of any project depends on the people and mechanisms behind it.

• Core Members: Available information mentions BCB Blockchain’s Chief Operating Officer, Lee Changjin.
• Team Characteristics: Although there is no detailed team introduction, the partnership with Huawei and the smart city focus suggest the project has certain technical and industry resources.
• Governance Mechanism: The BCB mainnet operates through supernodes, which play a key role in maintaining the network and ecosystem development.
• Funding and Support:
  • In June 2020, BCB Blockchain launched a $15 million innovation grant program to encourage Asian blockchain startups to develop on its protocol, with $2.8 million specifically for game development projects.
  • The partnership with Huawei is not only technical—Huawei also pledged to provide secure, innovative cloud servers for projects developed on the BCB ecosystem and to sponsor these projects, helping reduce BCB’s operating costs.

Roadmap

The project’s roadmap is like a “navigation chart,” recording key milestones and future plans.

• Historical Milestones:
  • March 10, 2018: BCB token officially issued.
  • March 8, 2019: BCB token reached its all-time high price of $6.47.
  • June 2020: Launched a $15 million innovation grant program to encourage Asian blockchain startups to develop on its protocol.
  • September 2020: Announced partnership with Huawei to jointly develop smart city solutions, with support from Huawei in AI and cloud services.
  • January 7, 2021: BCB token reached its all-time low price of $0.3120.
  • November 8, 2021: According to reports, BCB token price “went to zero” and was no longer circulating in the market.
• Future Plans:

  No detailed future roadmap or specific timeline for the BCB project was found in publicly available information. The project mainly emphasizes ongoing development of smart city solutions and ecosystem building.

Common Risk Reminders

Every blockchain project comes with risks, and BCB is no exception. When learning about this project, keep a clear mind and pay attention to the following:

• Technical and Security Risks: Although the project claims high technical performance, any blockchain system may face smart contract vulnerabilities, network attacks, or consensus mechanism flaws. Details on specific audit reports and security measures are rarely mentioned in public information.
• Economic Risks: The BCB token has experienced dramatic price fluctuations, including reports of “going to zero.” This indicates high uncertainty in its market value. Even with partners and grant programs, the token’s value may be affected by market sentiment, project progress, competition, and other factors.
• Compliance and Operational Risks: Regulatory policies for blockchain and cryptocurrencies are still evolving globally. The project’s operations and token circulation may be affected by future policy changes. In addition, untimely updates or lack of transparency may increase operational risk.
• Information Transparency Risks: The lack of direct access to an official whitepaper and insufficient details on team members, governance, and fund usage make comprehensive project evaluation challenging.
• Market Competition Risks: The smart city and blockchain sectors are highly competitive. Whether BCB can stand out among many projects, continue to develop, and realize its vision remains a challenge.

Remember: Blockchain project investments are high-risk and highly volatile. The above information does not constitute investment advice. Always conduct thorough personal research and risk assessment before making any decisions.

Verification Checklist

For any blockchain project, here are some key pieces of information you can verify yourself to better understand the project:

• Block Explorer Contract Address: Look up the BCB token’s contract address on BCB Chain via a block explorer to view transaction records, holder distribution, and real-time circulation. No direct information is currently available.
• GitHub Activity: Check the project’s code repository (e.g., GitHub) for update frequency, code quality, and developer community activity—this reflects development progress and technical strength. No direct information is currently available.
• Official Website/Whitepaper: Try to find the BCB project’s official website and latest whitepaper for the most authoritative and detailed information. Direct access to the whitepaper is currently difficult; existing information mainly comes from news reports.
• Community Forums/Social Media: Follow the project’s activity on Twitter, Telegram, Discord, and other social media and community forums to gauge community engagement, project announcements, and team interaction.
• Audit Reports: Check whether the project has undergone third-party security audits; audit reports can assess the security of smart contracts and code.

Project Summary

Building Cities Beyond Blockchain (BCB) is an ambitious blockchain project aiming to provide a secure, efficient, and transparent digital infrastructure for smart cities through its native BCB Chain and a suite of technical solutions. It seeks to address core issues such as urban data sharing, ownership, and multi-party collaboration, and promotes ecosystem development through token incentives. The project has received $15 million in innovation grants and partnered with Huawei in the smart city sector, demonstrating momentum and resource integration at certain periods.

However, when evaluating the BCB project, we must also note the uncertainties in its tokenomics, especially the dramatic historical price fluctuations and reports of “going to zero,” as well as inconsistencies in current market information. The lack of easily accessible official whitepaper, detailed team information, and a clear future roadmap also pose challenges for comprehensive assessment.

Overall, the BCB project showcases the potential of blockchain in the specific application scenario of smart cities, but its long-term development and token value require ongoing attention. For anyone interested in this project, it is strongly recommended to conduct in-depth research, consult more official and third-party sources, and fully recognize the inherent high risks of blockchain projects.

Note: All content above is for informational and educational purposes only and does not constitute investment advice. The cryptocurrency market is highly volatile—please exercise caution.