Sony’s BCDB Uses Blockchain for Mobility as a Service (MaaS), Enhancing Future Transportation Data
Blockchain technology has emerged as one of the most sought after emerging technology in recent times. Even though cryptocurrencies that brought the technology to the forefront is looked with scrutiny in many countries and industries, Blockchain has unanimously managed to impress one and all. Both the veteran and established tech players, as well as emerging startups, are actively investing in the technology to find new use cases daily.
Sony is one such tech firm that has been working on a blockchain-based data accumulation system for the transportation industry. According to an announcement made on 23rd May, the new blockchain-based system would integrate system and provisions across various modes of transportation be it trains, cabs, buses, rental vehicles, and many more.
The news system called Mobility as a Service (MaaS) would import data from all the types of transportation and provide the consumer with various levels of info like optimal routes for their desired commute, cost-effective service to reach the destination or the safest route to carry the commute.
The MaaS system aims to become a universal transportation solution and replace dozens of applications on user devices where they need to install a specific application for a specific mode of transportation.
MaaS Can Process 7 Million Users Data Per Day
Sony’s MaaS Blockchain system makes use of a new database developed by Sony themselves called Blockchain Common Database (BCBD) which enables MaaS to process 7 million users data per day including their anonymous travel history and revenue allocations. Sony also revealed that the MaaS is the only project which has been chosen by the Netherlands Ministry of Infrastructure and Water Management last year after they appealed to firms to develop a blockchain-based solution.
Sony also revealed that the BCDB database won’t be limited to just MaaS and can be utilized for a number of purposes in smart cities. These smart cities need these kinds of transparent data to feed a network of large scale sensors.
Sony is also working on a number of other blockchain ventures which include a hardware wallet technology for storing and securing digital assets, blockchain-based digital content rights management (DRM), and many more projects in the pipeline.