A new blockchain technology, TSio Protocol, will make it possible to integrate new technology companies like Uber, Didi, Ofo and Mobike with public transit, private automobiles and air travel so that people can choose the best way of getting from A to B.
“Blockchain technology can enable secure, transparent and efficient integration of multiple transport operators. The TSio Protocol offers a level playing field for operators with a secure payment and ticketing system connected to personal travel planning and mobility accounts to allow people to make the best choices for their needs.” said TSio Protocol founder, Si Ho.
The Protocol works with in combination with a TSio Token, which gives people access to personal (and decentralised) mobility accounts, while also empowering them to use and manage their travel data across multiple apps and transport services..
Transport operators are an integral part of the Protocol; however, it is also accessible to a business ecosystem of additional commercial applications and services. Examples include usage based car insurance, creating a marketplace for seat reservations on planes and trains, renting out curb-space for parking, cycling navigation devices and personal virtual assistants for keeping on top of your road tax and vehicle maintenance requirements.
“Blockchain, the Internet of Things and Artificial Intelligence technologies are now stepping towards a level of maturity ready to offer the transport industry, in combination with existing Web technologies, a universal, secure and scalable platform.” Sir Nic Cary, Chair of TravelSpirit UK.
The transport industry will benefit from personalisable software-as-a-service, lower transaction costs and be safe in the knowledge that their riders’ personal data is fully protected.
TSio Protocol has put together a “Minimum Viable Community” of early adopters. This includes Mydex, an identity and consent management platform, MyLoop, a wearable technology for public transit and GoMetro, a public transit planning platform which combines with a flexible bus shuttle services. TSio Protocol is also collaborating with not-for-profit, TravelSpirit Foundation, to invest the proceeds in open-source blockchain development work, and growing the “ecosystem” of commercial companies that will benefit from the new TSio Protocol Blockchain.
“Without efficient, secure and convenient universal interoperability, that can provide transport consumers a single mobility account, we believe the integrated transport market opportunity is unlikely to reach what should be its full potential.” Justin Coetzee (CEO – GoMetro)
TSio Protocol is an invention of a Cambridge mathematician, backed up by a team of transport industry experts. The team are planning a major cryptocurrency fundraise later this year.
Not only does the protocol help integrate personal travel, it also helps solve the problem of who will own and maintain automobile “assets” in a future with the sharing economy much greater than it is today, and with cars being able to drive themselves. This is achieved through the same mobility account infrastructure that TSio provides for people, being used by autonomous economic agents (otherwise known as digital lifeforms) – that work with blockchain enabled smart contract technologies and advanced Artificial Intelligence.
TSio Protocol will integrate with complimentary advanced protocols such as the Fetch open economic ledger, the IOTA Tangle ledger, Energimine energy efficiency incentives platform and emerging identity management protocols.
Planning is already under way, and to meet their future ecosystem/community needs and achieve our strategic aims, the TSio Protocol team have identified the following design objectives for the core TSio Protocol platform:
- Enable an ecosystem to empower consumers to access multiple transport services through a single and universal mobility account.
- Enable account system interoperability between transport operators, service providers, transport modes and across borders.
- Solve the problem of how to create trustworthy multilateral commercial arrangements between transport providers who would otherwise fail to collaborate.
- Reduce the costs for transport providers requiring real-time settlement of high volume/ low-value payments.
- Provide low “network latency”, fast verification and compatibility with low power devices.
- Prevent fraud, protect data and resist “denial of service” attacks.
- Manage the rights and responsibilities of highly portable personal data.
- Facilitate token-based reward services, e.g. to encourage sustainable travel behaviour
- TSio whitepaper
Or read online at https://tsioprotocol.com/whitepaper/
- To register interest
- Join an open dialogue and Q&A
- Register for the TSio Protocol launch event, hosted by Mills & Reeve, London 28th February, 2018
- Attend other events the TSio Protocol team will be attending
- Other references: https://www.weforum.org/agenda/2018/01/transports-future-is-integrated-how-do-we-get-from-here-to-there/
https://travelspirit.io/%E4%BA%A4%E8%BF%90%E5%88%86%E7%9B%8A/ (Chinese Translation)
https://travelspirit.io/south-korea/ (Korean Translation)