HomeBlockchainIs blockchain poised to revolutionize ticketing?

Is blockchain poised to revolutionize ticketing?

-


Smart Ticketing System Using Blockchain: A Game-Changer in Transport Industry

Researchers from the University of Birmingham have proposed a new system called STUB (System for Ticketing Ubiquity within Blockchains) that could revolutionize transport ticketing. The system, based on blockchain technology, aims to create a smart ticketing solution that allows for interconnected ticketing across different modes of transport.

According to the researchers, blockchain technology combined with ontology could provide a robust, transparent, and interconnected data framework for ticketing. This would enable service providers to sell and validate tickets as tokens on a secure network, simplifying the ticketing process for passengers.

Lead author Joe Preese highlighted that STUB’s approach is not to replace existing ticketing infrastructure but to empower providers to share core ticketing data and build new solutions on top of it. However, the integration with existing systems and the scalability of the technology pose significant challenges that need to be addressed through successful pilot programs.

The potential benefits of blockchain-based ticketing include streamlining the ticketing process, providing comprehensive data about routes and schedules, and offering a single portal for payment. While the implementation of STUB may not be quick or easy, the researchers believe that overcoming these challenges could lead to a more efficient and user-friendly ticketing system for passengers.

LATEST POSTS

Ethereum Co-Founders Look Back on 10 Years at EthCC Event

Ethereum's Evolution and Challenges: Insights from EthCC Event Ethereum Co-Founders Discuss Usability and Technical Improvements at EthCC Event in Brussels Ethereum, the popular blockchain platform, has...

ABN AMRO explains decision to utilize public blockchain for bond tokenization

ABN AMRO's Use of Public Blockchain for Tokenization: Insights and Key Learnings ABN AMRO Makes Case for Public Blockchain Tokenization Martijn Siebrand, a representative from ABN...

Bitcoin ETF Investors Were Set Up to Be the Bag Holders

Peter Schiff Warns of Bitcoin ETF Investors Being Set Up as Bag Holders The renowned economist and Bitcoin critic, Peter Schiff, has raised concerns about...

The Surge of Crypto Donations in 2024

The Rise of Crypto Philanthropy in the Nonprofit Sector: A Look at the Future The nonprofit sector has quietly become the most crypto-friendly arena in...

Most Popular