Toll interoperability is plagued by three things: politics, business rules, and pricing structures. The nature of tolling is such that each agency, be it local, regional, or statewide, does business differently. The phrase, “it’s the same but different,” holds true. So much of tolling is the same, but it’s the little differences that make interoperability difficult. Hyperledger, with its distributed ledgers and smart contracts, gives us a whole new way to think about dealing with those differences. It helps us jump the hurdles of politics, business rules, and pricing structures and get to a new interoperability model. One that works.
Matt is speaking at the Hyperledger Member Summit in New York today. He’ll discuss how we are working to promote distributed ledger systems in transportation and how we can help solve some major challenges for government agencies.
Matt will be on a panel of speakers in a variety of fields from around the world—technology, energy, finance, and aviation.
The Hyperledger Project is an open-source, industry-wide project that brings together future and existing open source blockchain technology. Governed by the Linux Foundation, the project is building a general-purpose blockchain framework that can be used across industry sectors, from financial services to retail to manufacturing and more.