The observable increase in the demand for trains and other public transportation as well as bike-rental in comparison to the previous decades prove this fact. The connectivity fragments that remain uncovered, prevents them from forsaking their private vehicles. Many other reasons such as the apps provided to assist mobility are the reasons for the traffic we encounter every day. while the need for green transportation is undeniable, people are still interested in finding an app that helps them accommodate all the public transportations in one and enables them to book the train ticket, rent a bike and even provide a ride-share. Each of these ways has its payment customs which make it even more time-consuming. Being offered a new payment option that could be set up once and help through the process is of vital importance. There could have been such a platform if having such centralized platforms weren’t of a great disinterest for the other apps since its insular and proprietary nature would eliminate the need for using any other app.
So what about having an open and distributed interoperable system?
This might be a better idea because it provides all the parties with the opportunity for fair competition and governance. Providing such an eclectic system requires expertise. Few already existing technologies could facilitate the transaction, including IoT, Machine Learning, and Blockchain. For this to happen, different independent applications are needed. Furthermore, these apps could merge into the ecosystem after being designed and tasted.
Building the security
Many individual sectors should be identified. All those different businesses had better be identified equally to prevent theft and misuse. Blockchain can provide tamper-resistant proof of vehicle identity to reduce the unwanted performances that endanger the security. All the security options provided by Blockchain can be used for this purpose.
Building the financial aspects
It is difficult to gather a bulk of information on every vehicle especially if it changed hands. Blockchain will use the vehicle identity as well as all the related information, consequently, the chain that is built among the custody and provenance will provide the data.
The first option is the provision of last-mile delivery. This option has been offered by Uber and Lyft and has been well received. The second one is the provision of electronic charging stations. The progress rate shows the possibilities of having many electronic cars shortly so the demand for electronic charging stations might be felt and the fact that this app can provide the opportunities to connect people and energy companies to prepare the charging stations for this purpose adds another option to it.
So far these two options are quite applicable. Plus, the possibility of having cars with no drivers that can pay through their wallets automatically and the providing resilient data of measurements and tracking of the carbon emission across the entire chain, make the idea more mature.
The positive impacts this new idea can add to the world, the contribution of Blockchain, the demand and necessity of having it, and the facilitative options that could be added are all pointing that it worths time and energy. Let’s hope for a better future.