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Urbanization


             By Md. Nafis Khan                                                                      December 2021                           long-term comprehensive planning of the          run out of spaces to expand. They will then take on vertical                Blockchain
                                         Singapore:                                                                                        city of the future, the country has been able    expansion. The mode of transportation in such cases will be by              Technology in Finance
                                                                                                                                                                                            air. The Government of Singapore has already started testing
                                                                                                                                           to overcome its geographic disadvantages
                                                                                                                                                                                                                                                                        To smoothen the development trajectory, a
                                                                                                                                                                                            the prospect of advanced drone programs for the future.
                                                                                                                                           and become a leader in global commerce.
                                                                                                                                                                                                                                                                        well-functioning financial market is a
                                                                                                                                           But what exactly is it like to live in
                                                                                                                                                                                            Drones are already being used for cargo delivery. These drones
                                                                                                                                                                                                                                                                        must. Without the provision of bank loans
                                                                                                                                                                                            are built with multiple aerospace grade navigation systems so
                                                                                                                                           Singapore? How does a 4-hour flight from
             50 Years into the Future                                                                                                      Dhaka take you 50 years ahead to the             that if one of the drones malfunctions, the others can reach                and transaction facilities, investors might
                                                                                                                                                                                                                                                                        deem a site unprofitable. For Singapore,
                                                                                                                                           future? We explore, one by one, how the
                                                                                                                                                                                            the destination properly.
                                                                                                                                                                                                                                                                        the financial sector alone makes up 12% of
                                                                                                                                           city has pushed its limited resources
                                                                                                                                                                                            Vertical Farming
                                                                                                                                                                                                                                                                        GDP. To make the process faster and well
                                                                                                                                           beyond its limits and turned it into
                                                                                                                                                                                                                                                                        protected from hackers, Singapore has
                                                                                                                                           something grandiose.
                                                                                                                                                                                            has come up with innovative, self-sustaining solutions.
                                                                                                                                           Modern Housing                                   While the whole world ponders upon food scarcity, Singapore                 started using a blockchain technology
                                                                                                                                                                                                                                                                        named Project Ubin. Blockchain technology
                                                                                                                                                                                            ‘Sustenir’, a controlled agricultural farm in Singapore,
                                                                                                                                           Tasked with the responsibility of creating       simulates outdoor environments inside concrete buildings.                   is fast, save, and convenient for overseas
                                                                                                                                                                                                                                                                        transaction. Traditionally, banks keep their
                                                                                                                                           sustainable and manageable housing               Plants grown inside this closed artificial ecosystem receive                transaction records on their own
                                                                                                                                           spaces for 5.7 million people, Singapore’s       neither sunlight, nor soil. Instead, scientists control the                 centralized ledger, but Ubin keeps them in
                                                                                                                                           Housing and Development Board (HDB) has          humidity, temperature, carbon-dioxide saturation etc. and                   a blockchain making identical copies of the
                                                                                                                                           already provided living solutions to many.       produce different kinds of plants that vary in tastes. It is                record and distributes them through a
                                                                                                                                           But now they want to step up a gear and          predicted that this type of farming is the future, and that the             network of computers around the world. If
                                                                                                                                           search for complex, hi-tech solutions for a                               idea will be replicated in all                     in any case a copy does not match with
                                                                                                                                           better environment. Dr. Cheong Koon Hean,                                 developed cities.                                  others, it is rejected. For a hacker to break
                                                                                                                                           Chief Executive Officer of HDB, emphasizes                                But these advancements will                        into the system, they would need to
                                                                                                                                           on design decisions that incorporate large                                be futile in the long run if                       simultaneously attack all the computers in
                                                                                                                                           openings for increased ventilation.                                       people are unable to live a life                   the blockchain network, which is virtually
                                                                                                                                           Singapore has also reclaimed parts of the                                 long and healthy enough to                         impossible.
                                                                                                                                           sea to increase its land mass. The                                        enjoy the amenities the city
                                                                                                                                           ever-famous Marina Bay is one of the most                                 has to offer. One of the most                      Medical and
                                                                                                                                           successful engineering projects of our time.                              major health concerns the city
                                                                                                                                           It attracts businesses and Michelin star                                  has been increasingly dealing                      Technological
                                                                                                                                           restaurants to strike official deals amidst                               with is diabetes. An ageing                        Advancement
                                                                                                                                           the grandeur of the city, and tourists to                                 demographic further
                                                                                                                                           behold in awe, the progressive emotion the                                exacerbates the problem. The                       Singapore has estabilished itself as a
                                                                                                                                           city has to offer.                                                        city, however, has brought                         global medical hub, housing innovative
                                                                                                                                           Over the years, experts in Singapore looked                               science to its aid. Dr. Lee Mun                    technologies, well-trained doctors, and
                                                                                                                                           for alternative ways to expand its land.                                  Wai, a bioengineer, is                             top-tier hospitals. For example, an
                                                                                                                                           With precise engineering and architectural                                conducting research to create                      automatic, low-latency, high-precision
                                                                                                                                           technology, the city is opting for expansion                              food that provides exact                           needle targeting mechanism allows for
                                                                                                                                           over and under the ground. The Urban                                      nutritional values adjusted for                    safer and faster microsurgery procedures.
                                                                                                                                           Redevelopment Authority (URA) of                                          individuals. The process will                      During crises like the South-Asian haze,
                                                                                                                                           Singapore wanted to build a business                                      include a smartwatch to                            Singapore's medical and technological
                                                                                                                                           district that would not only serve official                               monitor health issues and a 3D                     capabilities allowed them to quickly design       to the modern world, Singapore has incorporated technology
                                                                                                                                           purposes, but also serve as a multipurpose                                printer that prints out the                        plasma masks for children and adults.             education in school curricula. The lessons are not merely
                                                                                                                                           precinct where activities would be carried                                nutrient requirements for the                      Advanced technology is being used in              education - they are interactive, playful, and communicative.
                                                                                                                                           out 24/7. This meant infrastructural                                      person in a jelly-like                             monitoring and making life better for             Through trial and error, the kids are developing
                                                                                                                                           development was required round the clock         substance. Such innovative solutions can provide a longer life              everyone, from newborn babies to the              communication, language, and analytical skills. But digital
                                                                                                                                           for the Marina Bay Model to work. The plan       to the citizens, gradually increasing their standard of living.             elderly. A startup named ‘TransferFi’ has         literacy does not stop here. The benefits of digitization will
                                                                                                                                           outlines undergrounds to be used for                                                                                         come up with a technology that transfers          only be realized when the citizens are well-adapted to it. The
                    With the world moving faster than ever, urbanization has   Among all these debates, Singapore stands at the            transportation infrastructures, electrical       Water Desalination                                                          electric power wirelessly through                 Info-Communications Media Development Authority is tasked
                    become a part and parcel of our lives. The United Nation   pinnacle of success as a glaring example of                 tunnels, pedestrians, and commercial                                                                                         radiofrequency. Such innovation can               with the responsibility of making the process easier for older
                    projects that in the coming decades, hundreds of millions   urban life and futuristic development. A small             spaces with precise designs for the next 50      As global temperatures spike, fresh water has become                        revolutionize industries reliant on               people as well.
                    of urban dwellers will swarm into cities, especially   country with minimal natural resources, the                     years.                                           increasingly scarce. Up until now, Singapore depended on                    electrical devices. This will also benefit
                    within Asia and Africa. Accommodating this many urban   city-state of Singapore was a charming pocket of                                                                rainwater to cater to their needs. But a modern city needs an               electronic devices used in hospitals,             Singapore really is a city of the future. Not only have they
                    dwellers efficiently and equitably may be an arduous   urban chaos and scruffiness even in the 1960s.                  Transportation of the                            even modern solution. A desalination plant named ‘Tuas’ uses                alongside facilitating other industries.          achieved commendable economic growth over the last few
                    task, and brings additional concerns of detrimental of   But, today it has developed into a city of                                                                     reverse osmosis to turn sea water into potable water. But this                                                                decades, but they have also reached new heights of success in
                    technology over-use, environmental degradation and loss   towering high-rises and immaculate cleanliness.              Future                                           too comes with challenges as it uses a lot of energy. Thus, a               Preparing the Next                                multiple industries. Their digital adaptability, and spirit of
                    of biodiversity arising from rapid urbanization. From an   Singapore’s ascension to one of the strongest               An even futuristic idea hailing from the city    company named Evoqua came up with electrodialysis to use                    Generation for the                                growth is still going strong. The rapid urbanization that we
                    optimistic perspective, the growing numbers could    economies in the world over a span of five                        is the use of drones to travel. Professor        electricity to remove salt from the sea water. The plant has a              Future                                            are currently facing in Bangladesh can be tackled and used to
                    contribute to economic prosperity. However, official   decades is nothing short of remarkable. By                      Jason Pomeroy from Pomeroy Studio                capacity of desalinating 3,800 cubic meters of water per day,                                                                 our benefit if we take Singapore as an inspiration. The process
                    attitudes towards rapid urbanization remain broadly   embracing globalization, free market capitalism,                 believes that cities of the world will soon      with hopes of increasing the capacity to 100,000 cubic meters               To make children better prepared for a            can be complex, but proper planning with frequent monitoring
                    negative.                                            education, pragmatic policies and, as a whole, a                                                                   per day.                                                                    highly digital workspace and well-adjusted        and evaluation can make it happen.



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