Smart contracts have the potential to help make payments, while blockchain would verify vehicle and driver data
Blockchain developments are characterized by being versatile and providing solutions that did not exist before. One of these examples is the project of a Spanish mobility services payment platform specialized in electronic toll collection which works to implement blockchain.
In the near future, Distributed Ledger Technology (DLT) could enable toll payments efficiently. This challenge is part of the Blockchain Car program, the blockchain technology exploration project applied to mobility that takes place in Spain.
The information was issued in local media recently. Those who work in the project contemplate that the development will use smart contracts that will be auto-executed when a certain vehicle goes through the tolls so that even the rate to be applied can be calculated and can be paid by means of the virtual wallets of the occupants of the vehicle.
Among other possibilities offered by blockchain technology to the sector of toll charges is to be able to keep track of the data of the vehicle’s driver (name, profession, if it is a retired person…), as well as the vehicle data, such as its age.
“Blockchain is allowing us to be able to develop fully variable pricing models that encourage efficient and sustainable social mobility,” explains Josep Jové, a representative of one of the companies that have worked on various projects based on blockchain technology.
“In a world of alliances and agreements between institutions and corporations, the use of a blockchain technology that provides efficiency for the treatment of operations, verification and reliability of transactions generated between the parties, is really beneficial in all respects”, affirms Jové. This shows blockchain as an ideal platform for the processes in which information is exchanged and there are several people involved, which is why it works in different industries.
In the near future, technologies such as blockchain, Artificial Intelligence (AI) or big data could positively impact the processes that guarantee mobility. In addition, data captured by IoT (Internet of Things) devices would be more present to allow the automation, connectivity and integration of data and systems from different service providers, according to different analysts.
This scenario is consistent with the demand of some users who seek to control their identity information safely, as well as their personal data and preferences.
Recently, it was reported that another project is also being prepared in Spain to verify the origin of some products that will end up being recycled. The intention is to follow up from the factories of certain products until their distribution and subsequent recycling, a fact that would help to preserve the environment and would provide a greater presence to the base technology of the cryptoactives.
In this way, the objective that both companies and users of these platforms have in common is to be able to access a new open environment of services in an efficient and safe way, among which are health services, transportation, user identification, commercial exchanges and now the world of mobility.
By María Rodríguez
