As consultants, at the heart of it, we are advocates for our clients and the industries we work in. We strive to find, and sometimes to be, the catalyst for improvement and betterment in our projects. Having been government agency staff in the past—we come from toll authorities, local government, departments of transportation, and a national laboratory—we understand that it takes a collective effort to affect change and progress.
Over the past year, we’ve learned how blockchain technology can change—really revolutionize—transaction-based systems. It’s an emerging technology, and some rather distinguished collectives have already begun to apply it to finance and banking. We see benefits in the technology for transportation. Our previous blog post, A Unified Tolling Network, lays out a concept for a blockchain-based toll collection payment system. In working through and researching these ideas, we were compelled to join the Hyperledger Project.
“The Hyperledger Project is a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.”
By joining the project, we will be able to contribute to and learn from a group of skilled and experienced companies and individuals. We will have access to the development of standards and services, be able to provide use cases for real-world testing, and, most importantly, be an advocate for our industry within this exciting and growing development.
We’re eager to help standardize Blockchain technology in ways that will benefit tolling and transit. We see blockchain technology changing our industry in ways that will be as big as the transponder.
Read more on blockchain…
Forbes: How Businesses And Governments Can Capitalize On Blockchain