Singaporean startup Limestone Network is looking to transform the face of Southeast Asia by building smart cities powered by blockchain technology – starting with an ambitious 100-hectare mixed-use development project in the heart of the Cambodian capital, Phnom Penh.
Spanning residential homes, office buildings, shopping malls, schools, and a massive exhibition hall, the privately backed project will affect 10,000 business tenants and a daily population of 190,000 people.
The first step for the Phnom Penh smart city project is to create a digital passport, which involves registering all residents and workers in the Limestone mobile app.
The identification details are then scanned against global databases to check for any criminal records. Once cleared, the residents’ identities are mapped onto the blockchain network.