Thread by @DefiIntro

1. Hello all! @FantomFDN made a presentation on UN, for ITU (International Telecommunication Union), and this is just a guess but it was also probably about smart cities.

This is going to be a thread about how this can work in real life for traffic! Let's start!

$ftm

2. People living in big cities know that traffic is a huge problem. When there is an intersection, we put traffic signs/lights in order to avoid collusions.

In a 4-leg intersection, there are 32 conflict points.

3. The more conflict points there are, the more waiting time in signalized intersection.

But don't forget that traffic lights are just a communication language for the drivers, and the language has only 3 sentences.

🔴 Don't go
🟡 Almost Ready
🟢 You can go

4. But what if we can expand this language?

For example:

"I'm going with 70 km/h to NW."
"There is a car crash in XYZ Avenue."
"If we all go with the same speed, we won't conflict."
"Let's all slow down to 30 km/h to avoid traffic."

5. It will be huge for us, and we won't have to wait in intersections. This is a long-shot but it can work like this:

(From CGP Grey's video)

6. But how can we trust the messages sent from one car to another is real?

And how can we know if the message sender is not malicious?

For this to happen, we need to be in consensus, otherwise it will result in more collusions, right?

Meet @FantomFDN !

7. You probably already met with the foundation, but meet again!

Lachesis consensus can play a huge role providing this consensus as a service. Smart cities were always part of their plans. Let's listen to Andre Cronje for a quick example:

8. And the beauty of #lachesis consensus is you don't have to inform everyone every time.
You first achieve consensus locally, then the gossip spreads around the network to achieve full #consensus.

9. When you are going Lyon to Paris with your car, people in New York don't need to know what speed you are going with.

At least they don't have to know instantly.

10. And 5G is coming. We can share the data almost instantly with the 5G technology.

And if it works, millions of hours lost in #traffic will be saved.

11. As i said, this is a long-long shot, and probably won't be around for many years. We first need to work on autonomous cars. But even thinking about it makes me feel excited.

12. Don't forget that these are my guesses on the meeting. Keywords contain mostly #CBDC (Central Bank Digital Currency) and CBDC is probably bigger than smart cities.

Let's wait for the AMA on 18 March, and learn what this meeting was about!

https://twitter.com/FantomFDN/status/1370063190399332354

13. And feedbacks are always welcomed!

Thank you for reading, as always!

See you in the next thread!

$ftm

I don't know if timestamp works for you in Andre Cronje's video, but the talk about autonomous cars start in 7:20.