Firefly has been built with the future in mind — the wallet’s technical architecture and user interface were designed in the context of later additions like tokenized assets, chat and contact management. Over the following year we will see a number of additional features join the wallet’s stack.
The major steps forward in Firefly’s first version are security, core user experience and an expandable architecture. If you want an app to become an extensible platform, your primary focus should be on perfecting your core. With attention on the core, the initial features build on Trinity’s existing feature set. However, there are some key differences:
In the EU, there are well over 100 regulatory labs. From the EU Policy Lab, the EU Blockchain Lab and so on, these facilities allow for sandbox testing of new technologies and how they can be applied to infrastructure grids, among many other projects. This makes it easier for European cities to make informed decisions about infrastructure changes, to understand how the technology works and how to prioritize its integration. The key benefit being an agile and rapid testing and development process that fosters collaboration while reducing the upfront costs. Governments can often spend substantially less time testing and understanding new technologies prior to implementing them, ensuring that what’s implemented is what’s needed through iterative development. Instead of starting with heavy and expensive procurement processes and siloed research initiatives
Cities around the world have implemented smart systems for gathering data on its infrastructure movement. The prime examples of Hong Kong and Shanghai have also become illustrative of the negative consequences of implementing such a system under less resident-centric rules of law. These cities are massively clean and efficient, but also monitor their citizens through the same infrastructure. That is not a benefit of a smart city in the eyes of most residents anywhere in the world.
That kind of risk, infrastructure being used for surveillance, is just one risk factor that can be mitigated with proper research and testing.
Regardless, all this requires a real-time understanding of what’s going on in the distributed systems that are critical state and city infrastructure.
Using that real-time understanding to show residents the benefits of a smart city infrastructure, either through discounts or reduced public transit or utilities, is something cities are interested in. They just need to understand and trust the technology before they can implement it without risk.
The tolling systems often don’t interoperate so data sharing isn’t even an option in many cases. And the city infrastructure doesn’t connect with the state owned highway infrastructure, so there’s no adequate or cost efficient mechanism to share insights and guide travelers from the highway, into the city, and to an ideal parking area with ease. However, this highly fragmented and distributed system is an ideal area of integration for DLTs, as a lightweight, energy efficient, acting as a connective fabric for these disconnected systems.
Allowing an easier, more secure, and more privacy preserving solution for allowing different jurisdictions to enable the infrastructure they own and manage to share data and insights with the devices and vehicles passing through, without needing to give privileged access to other organizations and put their systems security at risk.