The Netherlands is the first country to have an active bus line powered by Blockchain technology. The total of 12 buses, are equipped with VMC hardware terminals and VMC wallets, allowing them to receive VAI coins from VMC’s first users. The pilot is the first test phase of a bigger project whereby buses and bikes will be connected to the VMC blockchain.
Relevance for the Mobility as a Service industry
Blockchain technology can be used as a technological fundament that supports the mobility industry with open standards and decentralized solutions. By sharing ledgers, mobility providers can (co)operate without the need for intermediaries, payment providers or proprietary apps. Normalised sets of data allows anyone to analyse this data and help to improve the current mobility landscape. The aggregation of this data also means that Artificial Intelligence can have a more meaningful impact. Mobility providers can cooperate as if they were all part of one smart fleet, delivering efficient mobility services to people, transforming the mobility industry from fragmented to integrated.
Solving challenges for public transport operators
One of the main challenges for public transport operators is the fact that taking the bus is not fun. It takes a lot of effort to travel to and from the bus station. Using VMC, we can actually solve this issue. We connect multiple mobility services to the samen open network. By seamlessly combining mobility services, vehicle possession will become redundant. People have the freedom to travel anywhere.
More benefits for public transport operators include:
- Cash without the costs.
- Secure payment system.
- Immutable timestamped record of transactions.
- Privacy compliance.
Check the in depth video from Joël Happé