Blockchain technology will change the way we live, that's for sure. Almost all areas of life will be covered by a company - in the broad sense - offering blockchain technology services. Urban mobility and the transport industry may soon be facing blockchain.
The transportation industry, Blockchain next stop
Urbanization has increased in many countries in number and complexity. Its expansion has, in many cases, been accompanied by technological change. We can mention Uber and many other local applications that provide various services in the most important cities of the world. Another example worth mentioning is the incredible developments achieved with autonomous cars and artificial intelligence in the transportation industry.
With pre-paid travel cards loaded with crypto-currencies, public transport users would be able to pay in a single payment the entirety of a multi-transport journey. This is what Amos Haggiag, CEO and co-founder of Optibus, told Business Insider .
If a person makes a multimodal trip by train, bike and metro, it is necessary to pay, in general, for different tickets and at different places. With Blockchain technology, this could be solved and simplified. People could soon use a single transport card to pay in cryptocurrency a trip with several transports . At the end of the trip, the user pays what he has used, making the payment system easier and more transparent. In addition, it gives businesses the opportunity to understand how people move and work from these data.
The Blockchain must be more developed
To implement this new system, you need to improve the Blockchain. Currently, cryptocurrency and its technology are at a very early stage of technological development . It is not always possible to offer instant payments and the ability to pay without an internet connection.
If Internet access is affected in a given city, users should be able to continue using the system. In addition, transactions can not take hours to complete because the transit system needs instant transaction validation.
It may take a little longer for these ideas to be implemented, but it is important to know that in the near future, it is possible to do so.