This month, we joined the Chamber of Digital Commerce, attended the DC Blockchain Summit, and became founding members of the Blockchain Intellectual Property Council.

As we continue to explore blockchain and distributed ledger technologies for tolling, transit, and parking, we find great value in being a member of the Chamber of Digital Commerce.

The Chamber’s mission is “to promote the acceptance and use of digital assets and blockchain-based technologies. Through education, advocacy and working closely with policymakers, regulatory agencies and industry, our goal is to develop an environment that fosters innovation, jobs and investment.

For transportation, these efforts are key.

New technologies need communities such as this to further growth, communication, and partnership.

Focused Efforts

At the DC Blockchain Summit, one of the most exciting sessions was given by the State of Illinois Blockchain Initiative. It’s the first of its kind in the US, and its members include the State’s Department of Commerce and Economic Opportunity, Department of Financial and Professional Regulation, Department of Insurance, Department of Innovation & Technology, and Cook County’s Recorder of Deeds.

Every US State should be looking at this kind of collective effort to address the broad changes that will come with blockchain technology. The success of blockchain implementation often hinges on how the parties involved deal with digital identity. For government agencies, this can be a difficult task at best. Collaboration is crucial to dealing with the challenges ahead.

Our goal for this year is to build a working group within the Chamber and the transportation industry. As an advocate for tolling and other transaction-based transportation modes, we see this as an opportunity to get ahead of the curve and be proactive.