Blockchain and Beyond: Encoding 21st Century Transport
This report examines how advances in data science and encoding could improve transport. It investigates three linked and rapidly changing areas: First, it discusses the deployment of blockchain and other distributed ledger-based approaches, that record transactions efficiently and in a verifiable and permanent way. Secondly, the study looks at open algorithms and other alternatives to traditional data-sharing. Finally, it reviews the development of a common data syntax for encoding mobility services.
- Public authorities must prepare for a much more networked and meshed world.
- Take into account changes in data science and technology when developing Mobility as a Service.
- Look beyond initial cryptocurrency applications of distributed ledger technologies.
- Governments should help deploy the building blocks that enable wider uptake of distributed ledgers.
- Apply blockchain technology now for slow and (relatively) small transport use cases; anticipate next generation distributed ledger technologies for “big and fast” applications to be deployed later.
- Governments should develop algorithmic code-based regulation to accompany the uptake of distributed ledger technologies.