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US Department of Transportation plans to use blockchain to solve problems with lack of parking spaces

The US Department of Transportation has placed a tender to develop a blockchain-based solution to coordinate drivers in the face of a potential increase in parking space problems.

This initiative was launched as part of the US Department of Transportation’s Small Business Innovation Research (SBIR) program. The document clarifies that tokenization will address the issue of parking spaces, which is becoming relevant as more employees return to work after the lifting of restrictions related to COVID-19. The department clarifies that the use of incentives and tokens will ensure the coordination of the movement of drivers.

“The new blockchain strategy will provide a dynamic approach to incentivizing driver alternatives. For example, road users will be able to use tokens to reserve a parking space, or receive tokens for agreeing to use public transport, ”the document says.

According to the ministry, the blockchain guarantees ecosystem users access to reserved parking space or earned rewards. The ecosystem must provide secure decentralized management of tokens and ensure data integrity. Blockchain will also provide an opportunity to use new gamification strategies as additional incentive and facilitate coordination and scaling of the system across multiple sites.

The department emphasizes that research in this area is at an early stage, and the amount of funding for the development has not yet been determined. In the near future, the Ministry will prepare a report on its vision of a proof-of-concept for a mobile application through which tokens and incentives will be distributed. The document indicates that subsequent steps will focus on the pilot program.

Recall that in 2019, the Kiev authorities began to consider the benefits of accepting payments in bitcoin in the public transport system. The Pension Fund of Russia, together with JSC Russian Railways, decided to use the blockchain to determine the privileged categories of citizens. In 2020, the World Economic Forum prepared a report according to which most blockchains cannot interact with each other, so it is too early to implement the technology at the corporate level.

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