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German railway operator Deutsche Bahn AG (DB) has partnered with blockchain integration platform Unbright to examine the possibility of tokenizing its ecosystem. A press release revealed the partnership on Tuesday, Dec. 18.
DB appointed Unibright to make preparations for an internal workshop, dedicated to the possible tokenization of the company's assets. The railway giant, which is considered to be the largest in Europe, wants to be a member of the travel industry.
Unbreakable proof-of-concept (PoC) based on the idea that blockchain could connect different areas of a common journey, such as single travels, miles, services, catering, hotel bookings or even local transport.
To achieve that, each part of the trip has to be tokenized. In the PoC, tokens can be bought and sold by a customer, or to the interoperability of the ecosystem. Moreover, tokens can be used by the issuer as a reward for loyal customers (e.g. be granted for miles).
Unrestricted to build the ecosystem on the NEM Protocol, where the tokens can be organized into clusters, such as travel, food and accommodation. A business specialist can monitor the network without any particular skills, the company claims.
Akram Sioud believes that the workshop will not lead to the near-term implementation of the technology, that of the company "can get one step closer to an independent acceptance of services of different suppliers" and build new distribution channels.
As Cointelegraph reported before, the national railway company of Switzerland has also tested blockchain this November. The operator completed a PoC of a "self-sovereign" blockchain-based identity management system to increase the efficiency of paper-based processes.
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