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Blockchain technology in public transport

We developed a new blockchain platform (VMC CORE) for VMC to create a fully open and decentralized payment and ticketing platform. The goal was to demonstrate a working platform with Europe's most prominent public transport company. This project was initiated in 2017 when blockchain technology was less advanced than it is now. We needed to build a lot from scratch to have an application that fit our requirements. This is why we developed a new blockchain platform (VMC CORE) using many components from the Hyperledger Sawtooth project.

WHAT WE DID

UI/UX

Technical Realization

Branding

Marketing

Design Website

Design App

Blockchain technology in public transport

We developed a new blockchain platform (VMC CORE) for VMC to create a fully open and decentralized payment and ticketing platform. The goal was to demonstrate a working platform with Europe's most prominent public transport company. This project was initiated in 2017 when blockchain technology was less advanced than it is now. We needed to build a lot from scratch to have an application that fit our requirements. This is why we developed a new blockchain platform (VMC CORE) using many components from the Hyperledger Sawtooth project.

WHAT WE DID

Application modernisation

Laravel optimalisation

Development partner

Strategy

UI / UX

Stable token

Transactions on the network were executed via a stablecoin called the VAI token. People used VAI to transact with the network, while providers and stakeholders (such as governments or data providers) could share incentives and cooperate. VAI was pegged to the Euro.

3D printed hardware

Check-in terminals in public transport are expensive, very expensive. We designed our hardware and 3D printed the casing to allow for maximum adoption. The vision was that anyone could get started and use easy digital payments.

Stable token

Transactions on the network were executed via a stablecoin called the VAI token. People used VAI to transact with the network, while providers and stakeholders (such as governments or data providers) could share incentives and cooperate. VAI was pegged to the Euro.

PoET

We used the consensus algorithm called Proof of Elapsed Time (PoET) to achieve overall system reliability effectively. The result was a private network that supported super-fast transactions (when you're on the bus, you don't want to wait for validations!) and offered high security.

3D printed hardware

Explore the evolving landscape of digital collaboration, where barter applications play a pivotal role in connecting creators and influencers. Learn how these platforms are shaping the future of influencer marketing and content creation, offering a dynamic space for innovation and partnership.

PoET

We used the consensus algorithm called Proof of Elapsed Time (PoET) to achieve overall system reliability effectively. The result was a private network that supported super-fast transactions (when you're on the bus, you don't want to wait for validations!) and offered high security.

3D printed hardware

Check-in terminals in public transport are expensive, very expensive. We designed our hardware and 3D printed the casing to allow for maximum adoption. The vision was that anyone could get started and use easy digital payments.

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Stable token

Transactions on the network were executed via a stablecoin called the VAI token. People used VAI to transact with the network, while providers and stakeholders (such as governments or data providers) could share incentives and cooperate. VAI was pegged to the Euro.

3D printed hardware

Explore the evolving landscape of digital collaboration, where barter applications play a pivotal role in connecting creators and influencers. Learn how these platforms are shaping the future of influencer marketing and content creation, offering a dynamic space for innovation and partnership.

3D printed hardware

Explore the evolving landscape of digital collaboration, where barter applications play a pivotal role in connecting creators and influencers. Learn how these platforms are shaping the future of influencer marketing and content creation, offering a dynamic space for innovation and partnership.

PoET

We used the consensus algorithm called Proof of Elapsed Time (PoET) to achieve overall system reliability effectively. The result was a private network that supported super-fast transactions (when you're on the bus, you don't want to wait for validations!) and offered high security.

PoET

We used the consensus algorithm called Proof of Elapsed Time (PoET) to achieve overall system reliability effectively. The result was a private network that supported super-fast transactions (when you're on the bus, you don't want to wait for validations!) and offered high security.

Current status

We successfully deployed an MVP with Europe's most prominent public transport operators (Deutsche Bahn / Arriva). Unfortunately, after the MVP, we had to shut down the project.

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