Filament Presents Blockchain for Transportation at Infrastructure Technology Day
Innovative companies share insights with Nevada legislature on advanced technologies including AI, IoT, and blockchain for transportation.
Today, transportation and technology leaders from local, regional, and state transportation agencies, and emerging technology industry groups, partnered for Infrastructure Technology Day at the Nevada Legislature. Filament was invited to participate in the event designed to inform legislators of the state of transportation in Nevada, as well as share information about emerging and innovative transportation technologies including artificial intelligence (AI), the Internet of Things (IoT), and blockchain for transportation.
Filament presented to the Joint Assembly and Senate Growth and Infrastructure Committee alongside APTIV, Keolis, NTT, Tesla, Waycare, the University of Nevada – Reno, and many other innovative organizations. We shared our tokenized autonomous charging demo, which innovates at the intersection of transportation and infrastructure. It shows how autonomous, electric vehicles (EVs) can charge and transact independently with new technology, and offers a practical view of better ways for electric vehicle owners, drone fleet operators, municipal transport authorities, and more to live and do business.
In its 2018 Blockchain in Cities report, the National League of Cities suggests that blockchain technology can play a central role in restoring trust to public institutions. The greatest value of blockchain technology is that it removes the need for trust between multiple parties, which makes it ideal for government use.
Filament’s Blocklet™ technology enables a wide range of both private and public smart city services, attesting and securing communications and enabling new micro-transactive economic models.
The Smart City services most likely to incorporate blockchain in the future include:
- Smart Payments – Facilitate all municipal payments on a blockchain based solution including city programs, assistance, welfare, payroll, etc.
- Transportation Management – Embedded hardware identity in vehicles can offer new economic models for transportation including micropayment for parking and charging services and mileage-based road user fees. As cities grow and micro-transit and EV adoption increase, municipal governments will be increasingly incentivized to adopt alternative funding models. For example, mileage-based road user fees in combination with Filament’s Blocklet can be used to give each vehicle on a roadway a unique identity, as well as create an underlying embedded payment infrastructure. Each equipped vehicle can then pay directly for the miles it drives. The technology would also enable congestion pricing and create a fairer system by ensuring that electric vehicles (which do not pay a fuel tax) also contribute to the maintenance of infrastructure.
- Smart Energy – Create a more resilient power grid by using a blockchain-powered peer-to-peer (P2P) energy market. Transactive microgrids would increase citizen choice, sustainability, and offer net energy producers the opportunity to benefit from their excess generation.
- Government Services – Smart contracts can be used for digitizing citizen rights and identification, transparent voting, tax, tracking ownership of assets, removing paper, and automating bureaucratic processes.
Others at the event demoed drones, self-driving car technology, electric buses, and data analytics for transit in smart cities – all impressive, and most are based here in Nevada. One thing’s for sure: there’s no shortage of innovation in the Silver State, and we at Filament can’t wait to be a part of what comes next.