Mobility Needs More Than Blockchain. Here’s Why. Part 3 of 3
Today. Pragmatic Protections in a Production Environment.
Which brings us to today. DLT technology has provided some really intriguing means through which parties can interact freely with each other by participating in a distributed system that is owned by no one party, but available to them all, and can begin to not only provide verifiable proofs of data submitted into the system–what we call “data attestation”, but can also begin to encode business logic into the DLT itself, to ensure that even the contractual agreements between parties can be verifiable and trusted. However, we still have some grand challenges to address if we are to use this technology in the real world, in a production environment. In the real world, we have considerations such as regulatory compliance around auditing, privacy, and the like. We also have considerations around integration with existing legacy systems. Lastly, we have considerations around scalability of a platform that allows for many millions of participants without degrading the availability of the system. These cannot be ignored if we are to create a platform that can actually be used in a production environment.
And that’s where Filament stands today. We focus explicitly on the mobility industry, which includes automobiles, commercial vehicles like trucks and buses, micromobility, and air transport as well — along with the infrastructure that ensures transportation is sustainable. Filament is enabling a new economy where vehicles and infrastructure are first-class participants which can pay and be paid. Fundamentally, where new products and services can be built on top of vehicles acting as a platform, rather than vehicles being sold as products. This is the next evolution of the mobility industry.
In the coming weeks we will address the limitations with current second-generation DLTs and how Filament is working to resolve these, with new next-generation approaches. We’ll touch on smart contracts, scaling, and privacy and why this matters at the beginning of any DLT-based deployment.
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