Hong Kong Polytechnic University’s blockchain cyber-physics system received HK$3.95 million in funding

Hong Kong Polytechnic University officially announced that two of its projects have received a total of approximately HKD 17.36 million in funding from the Intelligent Transportation Fund. Among them, the digital twin-based long-span bridge health monitoring project received approximately HKD 13.4 million in funding, while the blockchain information physical system for managing urban berths received HKD 3.95 million in funding. This project uses Web 3.0 and blockchain technology to establish decentralized identities for drivers, realize intelligent access control for parking lots, and develop spatiotemporal aggregation analysis systems, using artificial intelligence technology to evaluate the supply and demand of parking spaces.