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Better transport choices through blockchain with TSio Protocol

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A new blockchain platform, TSio Protocol, will make it possible to integrate new technology-driven transport with public transport, cars and air travel so that people can choose the best way of getting from A to B.

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"Blockchain platforms enable secure, transparent and efficient integration of multiple transport operators. The TSio Protocol offers a level playing field for operators with a secure payment and ticketing system connected to personal travel planning and mobility accounts to allow people to make the best choices for their needs." Said TSio Protocol founder, Si Ho.

The Protocol works with in combination with a TSio Token, which gives people access to personal (and decentralised) mobility accounts.

Transport operators are an integral part of the Protocol; however, it is also accessible to a business ecosystem of additional commercial applications and services. Examples include usage based car insurance, creating a marketplace for seat reservations on planes and trains, renting out curb-space for parking, cycling navigation devices and personal virtual assistants for keeping on top of your road tax and vehicle maintenance requirements.

"Blockchain, the Internet of Things and Artificial Intelligence technologies are now stepping towards a level of maturity ready to offer the transport industry, in combination with existing Web technologies, a universal, secure and scalable platform." Sir Nic Cary, Chair of TravelSpirit UK.

The transport industry will benefit from personalisable software-as-a-service, lower transaction costs and be safe in the knowledge that their riders' personal data is fully protected.

TSio Protocol has put together a "Minimum Viable Community" of early adopters. This includes MyDex, an identity and consent management platform, MyLoop, a wearable technology for public transit and GoMetro, a public transit planning platform which combines with a flexible bus shuttle services. TSio Protocol is also collaborating with not-for-profit, TravelSpirit Foundation, to invest the proceeds in open-source blockchain development work, and growing the "ecosystem" of commercial companies that will benefit from the new TSio Protocol Blockchain.

"Without efficient, secure and convenient universal interoperability, that can provide transport consumers a single mobility account, we believe the integrated transport market opportunity is unlikely to reach what should be its full potential." Justin Coetzee (CEO - GoMetro)

TSio Protocol is an invention of a Cambridge mathematician, backed up by a team of transport industry experts. The team are planning a major cryptocurrency fundraise later this year.

Planning is already under way, and to meet their future ecosystem/community needs and achieve our strategic aims, the TSio Protocol team have identified the following design objectives for the core TSio Protocol platform:

  • Enable an ecosystem to empower consumers to access multiple transport services through a single and universal mobility account.
  • Enable account system interoperability between transport operators, service providers, transport modes and across borders.
  • Solve the problem of how to create trustworthy multilateral commercial arrangements between transport providers who would otherwise fail to collaborate.
  • Reduce the costs for transport providers requiring real-time settlement of high volume/ low-value payments.
  • Provide low "network latency", fast verification and compatibility with low power devices.
  • Prevent fraud, protect data and resist "denial of service" attacks.
  • Manage the rights and responsibilities of highly portable personal data.
  • Facilitate token-based reward services, e.g. to encourage sustainable travel behaviour

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Better transport choices through blockchain with TSio Protocol
Modified on Thursday 1st February 2018
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