Decision making in smart cities: Blockchain technology

Successful smart cities’ implementation will require organisational leadership decision-making competences. The foundation of smart cities is digital technologies; many of these technologies are emerging technologies that require IT skills, which are scarce and will exacerbate the battle for talent between organisations. Filling the talent gap will necessitate global hiring, which has implications for organisational culture, cultural diversity and organisational leadership. Organisational cultural mix is an important contributor to leadership decision making. However, decision making is underpinned by trust. Blockchain is an emerging technology that has the potential to engender organisational trust in decision making and, by extension, in the leadership with the “right” organisational culture. Smart cities will be required to leverage emerging technologies to give business performance a competitive advantage and use emerging technologies applications to build a sustainable competitive advantage.