DOVU, a startup from London with goals of becoming the world’s leading marketplace for transport data, has reportedly commenced a working relationship with rail company Go-Ahead.
The working relationship has some serious investment interests behind it. DOVU launched two years ago and is backed by both Jaguar Land Rover’s InMotion Ventures and U.K. government-backed fund Creative England. Go-Ahead, likewise, is listed on the FTSE 250 — an index that contains the 101st to the 350th largest companies listed on the London Stock Exchange — and boasts more than one billion passenger journeys per year.
According to a report from TechCrunch, the rail company plans on using DOVU’s blockchain-powered reward platform “to learn more about its customers and to incentivize changes in passenger behavior.” What kind of data will be collected has not been detailed, but it is known that customers will be able to earn loyalty points in the form of cryptocurrency for sharing said data.
From the sounds of it, DOVU and Go-Ahead’s plan sounds like a prime example of a ‘blockchain‘ project that aims to further centralize an already-centralized industry, as opposed to disrupt or decentralize it. It also appears that ‘blockchain technology’ is being used as little more than a buzzword tacked on to traditional rewards points for completing post-ride surveys.
Very little seems revolutionary about this news. However, it nevertheless serves as an example of how ‘blockchain technology’ continues to permeate into the post-2017 Bitcoin world.
What do you think about DOVU and Go-Ahead’s working relationship to incentive the sharing of passenger data via cryptocurrency rewards? Do you think ‘the blockchain’ is even needed in this instance? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock.
The post ‘Blockchain’ Being Used by London Rail Company to ‘Incentivize Changes in Passenger Behavior’ appeared first on Bitcoinist.com.
Source: Bitcoinist
The XRP Ledger (XRPL) is set to undergo a series of substantial enhancements that promise…
Data shows the Bitcoin Open Interest as a percentage of its market cap has been…
Michael Saylor, the tech entrepreneur who steered MicroStrategy into a Bitcoin behemoth, is back in…
Solana (SOL) is currently up by 4% after jumping from $142 to $148 in the…
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at…
Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the…