Sony bets on blockchain to reshape the future of public transport

While many nations remain nearly paralyzed due to the COVID-19 pandemic, major players in the field of technology continue to develop innovative infrastructure for when we get up and running again.

Sony announced on April 23 that it has successfully developed a new blockchain system to integrate data and service delivery across different forms of transportation , be it trains, buses, taxis, carpools, or bicycle rental on demand.

This approach to transportation, known as MaaS (Mobility as a Service) , aims to provide people with data regarding the optimal routes to reach their desired destinations.

Sony bets on blockchain to reshape the future of public transport
Sony bets on blockchain to reshape the future of public transport

The system aims to replace a specific interface for each sector segment, whereby users pay and choose their means of transport in isolation from the broader urban transport system, for example, by using a specific device for transporting a taxi or paying for a local bus.

Sony's new Blockchain Common Database (BCBD) for MaaS can ostensibly process the data of 7 million users a day and record, analyze and share their anonymous travel history and revenue allocation.

It is the only successful project chosen from an initiative by the Netherlands Ministry of Water Infrastructure and Management last year, which appealed to developers to propose blockchain solutions for MaaS development.

Sony notes that BCDB is not limited to MaaS, and could be used in various smart city applications, where large-scale sensor data must be shared transparently and securely through a decentralized network.

As Cointelegraph has previously reported , recent data suggests that Sony, along with 34 other multinationals including Microsoft, Walmart, Mastercard and Intel, had applied for a total of 212 blockchain patents in late March 2020 .

In its announcement today, Sony noted its development of digital currency hardware wallet technology and the use of blockchain for digital content rights management , along with other ongoing blockchain projects.

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