Forging Links: Unblocking Transport with Blockchain?
Blockchain and other distributed ledger technologies (DLTs) could help create trust and consensus in areas of the transport sector where they are needed for efficient solutions but currently often lacking. Such challenges concern for instance clearing transactions amongst multiple parties with divergent interests, authenticating provenance, managing assets, and auditability. This report explores how DLTs can address these issues by providing an alternative to centralised record-keeping and third-party audit‑based approaches. It offers recommendations for maximising the benefits of DLTs in transport based on several use cases in freight and logistics as well as passenger transport.
- Make regulations more flexible to accommodate the use of Blockchain and other Distributed Ledger Technologies.
- Use regulatory sandboxes to promote innovation while minimising risks.
- Actively engage with transport industry initiatives around Distributed Ledger Technologies
- Require some level of open data access for transport applications of Distributed Ledger Technology
- Make transport policies machine-readable
- Run pilot projects to identify use cases for Distributed Ledger Technologies in the public sector