and Milligan Partner to Build a Blockchain Powered Tolling.Network Using Hyperledger

On the 18th of January 2019, PR Newswire issued a press release, stating that a popular US Tolling company known as Milligan Partners has partnered with; a distributed ledger technology company, in unveiling Tolling.Network.

According to the release, the newly unveiled tolling company is supported by Hyperledger Fabric and is designed to improve toll operations among both parties.

The press release further stated that due to a conscious effort towards ensuring efficiency, interagency operations both within the national circle and across the country to the tolling industry, resulted in both firms combining resources to create Tolling.Network, which offers a unique blockchain based solution.

According to the team, Tolling.Network offers an incredible solution that utilizes Blockchain technology in solving the challenges of national interoperability that has affected the tolling ecosystem of the United States for almost 10 years.

They went to state that the technology makes use of smart contracts as well as Distributed Ledger Technology to make it easy for tolling agencies to directly and flawlessly communicate with each partner in the team. This feat has indeed defied what the present model could not achieve.

Every transaction that is carried out on the Tolling.Network, are protected by both the encryption system and the advanced highly functional private channels.

This delectable team involved in the Tolling.Network project asserts that agencies that are utilizing the platform have the choice to tailor or modify their business policies for every company they do business with, without necessarily abiding by the rules of a particular syndicate.

In his response to this development, Matt Milligan, co-founder of and Managing Partner at Milligan Partners stated that:

“For close to ten years, the toll industry in the United States has been trying it’s best in bringing solutions to the challenges that have bedevilled national interoperability, and there is no doubt that the solution lies in Distributed Ledger Technology (DLT). We are also certain that an open-source scheme is a good idea towards solving this problem.’’

He also pointed out that Tolling.Network will also serve as an affordable and groundbreaking solution to most government bodies.

This development is coming in the wake of bitcoin’s and the entire cryptocurrency industry’s lackluster performance in 2018. Technologies like Tolling.Network highlight the impact and possible use case that blockchain technology can have in many industries. This, in fact, is a strong indication that these newly developed technologies would have a lot of benefits in store.

An example of this is the BTC Manager’s announcement that the National Aeronautics and Space Administration (NASA) was really looking at incorporating Distributed Ledger Technology (DLT) into its operations. Also on the 21st January 2019, a news report said that Venezuela, a country with its own national cryptocurrency will be launching its own blockchain backed ATM card.

The possibilities of blockchain tech are quite limitless and can serve to further improve lives, solve previously impossible challenges and help industries attain new heights.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

Bitcoin Market Outlook: A Long Game Looking Bearish in the Short Term

Last week, the price of bitcoin dropped below $9,000 and has been trading under $9,300 throughout the week. On the weekend, we yet again dropped...

Institutional Investors Are Scooping Up All the Newly Minted BTC, Leaving Not Much Left to Buy

Over the last three months, Grayscale Investments bought up to 33% of all newly minted bitcoin. The asset manager continues to stockpile the world’s leading...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today