Melaka Straits City will be a Blockchain city with its own DMI coins. Tourists of the said city can exchange their fiat for DMI coins that they can spend in the city. Melaka Straits City is over 835 acres off the coast of the Malaysian city, Malacca, The entire structure of the city will be based on a blockchain technology.
The initial stage will be raised with a $120 Million funding, it will be collaborated by construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have jointly launched this Chinese government-backed project.
A report by the International Data Corporation (IDC) indicates that spending on so called smart city technology is expected to grow to $135 billion by 2021.
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