Take a fresh look at your lifestyle.

Sony will use Blockchain technology for the development of a database


The multinational corporate giant Sony announced its common database platform: Blockchain Common Database (BCDB), which will use Blockchain technology for Mobility as a Service (MaaS). Independently developed by Sony, it will serve as a next-generation digital service that will integrate multiple transportation systems and services.

MaaS integrates a variety of modes of transportation, including trains, buses, carpools, on-demand mobility services, and even bike rentals. All of this is enabled through IT and cloud technology, which provides users with the necessary data on routes to specific destinations, and also recommends additional forms of transportation and services.

It also offers specific details about a route, the travel time and the total cost of the chosen service, basically the whole process of organizing a trip to your compensation.

As Sony announced today in a Press releaseThe Blockchain Common Database will feature high-speed information-processing technology that will make things easier for more than 7 million users who commute and commute daily. It will allow them to track and share their anonymous personal travel activity and income assignments, a sufficient option, especially for large cities.

Sony already has that experience of participating in the 'Blockchain Challenge Program' of the Netherlands Ministry of Infrastructure and Water Management in 2019. The company conducted a BCDB verification test, which ended in March 2020, being the only that met the ministry's specifications.

Organizations in Europe are already proactively trying to implement a variety of actions to promote MaaS. Using BCDB in the digital transportation environment can lead to significant improvements in travel efficiency and streamlining, managing movement records and revenue allocations.

According to Sony, BCDB is being calibrated for faster data processing and is not limited to MaaS alone. The Common Database Platform could be a tool to record and share various forms of sensor data related to the potential development of smart cities.

Several other companies are up to the task of Blockchain technology for additional purposes. Among them are Microsoft, Circle, Intel, Visa, Amazon, Walmart, etc. IBM, for example, uses it in a variety of shipping, banking, healthcare, and food security tracking projects, digitizing an entire stack of paper documents with digital tracking systems.

Ledger Nano X - the secure hardware wallet

Leave A Reply

Your email address will not be published.