The Madrid Municipal Transport Company (EMT) said it is piloting a blockchain application for public transport payments. The app has been developed by blockchain certification company Vottun in collaboration with Banco Santander.
Presently, several different businesses offer their services to the EMT. These include taxis, buses, rental cars and Metro, among others. Every traveller needs to be individually registered with each of these services. The blockchain platform aims to unite all transport stakeholders in Madrid under one application.
“The onboarding and validation process of user information will be the same for all the mobility services offered in Madrid through the EMT app,” said Rohan Hall, CEO of Vottun according to
Intelligent Transport.
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