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Many companies use blockchain technology as a way to make their ecosystems more intuitive and take them to the next level.
Now, the German railway operator Deutsche Bahn AG has decided to use Unibright's help to optimize its entire automotive ecosystem. The information was originally released to the media on Tuesday 18 December.
According to reports, Deutsche Bahn has decided to join Unibright to prepare an internal workshop, which can lead to a future tokenisation of the resources that the company currently holds. DB is the largest railway company in Europe at the moment and the company is eager to explore decentralization.
The decentralized solutions are famous because they can be used as a way to reduce the cost of running a service and DB is set to use technology to interact with other members of the industry and to decentralize its resources a little.
Tokenization of the trip
The main idea, following a project created by Unibright, is to connect many different areas using blockchain technology. Areas such as reservations, services, etc. They can be combined using blockchain technology.
If everything moves according to plan, what will happen is that every part of the journey will be completely tokenized. The system will be highly interoperable and people will be able to use tokens to purchase parts of the journey. They can also be exchanged with other people. Tokens can also be used as a reward for the person using the services.
The system will be created using the NEM blockchain and its framework will be used as a structure. Tokens can be organized into groups, such as food, travel, accommodation, etc. This way it will be easy for people to understand what they are seeing now.
Akram Sioud, sales manager at Deutsche Bahn AG, knows that the factory and the demonstration of the concept that was created for this will not exist in a short time, but believes that this can bring the company a step forward towards the creation of this system in the future.
An old idea with a powerful company behind it
While the idea can certainly be considered "new" because no one has actually been able to do it, ideas like the tokenisation of travel are not completely new. Many companies that had initial coin offerings (ICOs) in 2017 had similar ideas to what is currently being presented by the company.
However, those were all small companies that simply did not have the structure to really get these ideas out. Is this the future of the blockchain? We can only hope, because most of the times there are many promises and not many of these are actually met as often as we want.
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