22/12/18 11:00 UTC-4

Deutsche Bahn AG, a German railway company, is exploring the possibilities of blockchain

Deutsche Bahn AG (DB), a German railway operator, in partnership with  Unibright, the blockchain-integration platform, is exploring the possibility of tokenizing its services ecosystem. On Tuesday, December 18, a press release on the DB site reported on the negotiation of partnership conditions, according to a CoinTelegraph news agency.

DB commissioned Unibright to prepare an internal seminar on the possible tokenizationToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
of the company's assets. The railway giant, which is considered the largest in Europe, wants to find out if decentralized solutions can reduce operating costs and help DBs interact with other members of the tourism industry.


Railway Blockchain

Unibright has developed  Proof of concept (PoC), based on the idea that the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
can connect different areas of travel, such as single trips, logistics, guide services, food, hotel reservations, or even local transport schedules.

To achieve this, every part of the trip must be labeled. In PoC, tokens can be bought and sold by the client, or exchanged for other services due to the interoperability of the ecosystem. In addition, tokens can be used by the issuer as a reward for regular customers (for example, for a certain amount of miles).

Unibright proposed to build an ecosystem based on the NEM protocol and a specially designed structure in which tokens can be organized into clusters (for example, for travel, food and accommodation).

Despite the fact that the seminar will not lead to the introduction of technology in the coming year, Akram Sioud, BD Sales Manager, believes that with the help of the blockchain, the company "can take another step towards independent acceptance of services from different suppliers" and build new channels to attract customers.

While the Deutsche Bahn AG is exploring the possibilities of the blockchain, in Switzerland (Zug) they have launched a pilot version of the blockchain for regulating the railway.

Editor: Alyona Nabok

See also: "The Parity Technologies Company will release a new blockchain-tool called Substrate"

#Germany #Railway #Nem #blockchain #Deutsche Bahn #AG #DB #Unibright



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