‘Explore potential of Blockchain’

BLOCKCHAIN

The Government should explore the potential transport applications of Blockchain, the decentralised ledger system,  according to a new paper by the Transport Systems Catapult and the University of Sheffield.  

The report says that, although Blockchain technology has not yet reached full maturity, areas such as freight, autonomous vehicles and Mobility as a Service  (MaaS) could all benefit from using the technology in future. 

“These areas will involve multiple businesses with potentially competing interests, who require trust and transparency to share data and work together seamlessly – which plays to the strengths of Blockchain,” said the Catapult.