Article: The foundation for the next stage in the internet’s evolution
Blockchain technology enables transactions to be executed between companies, private individuals or public entities virtually in real time and in verified format.
Decentralised registers known as distributed ledgers allow transactions to be stored continuously, irrevocably and in encrypted format. This creates a tamper-proof, transparent data structure. The best-known distributed ledger technology (DLT) is the blockchain, with the two terms often being used synonymously. Every blockchain is a distributed ledger but not every distributed ledger is a blockchain. We are working to make the advantages of this technology profitable for the railway.
Does the digital identity match the real world?
Digital identities and credentials are essential for successful digitalisation at all levels. Use cases are especially relevant for organisations and companies, natural persons or things, because by linking digital credentials, we can automate manual verification processes and create more trust in digital collaboration. The blockchain serves as the fundamental technology used to verify identity data and attributes by means of encrypted data exchange.
Distributed ledger: More application examples at Deutsche Bahn
Networking and billing of different mobility service providers for intermodal travel chains.
Maintenance and asset management
Management of IoT assets via a unique and immutable marking by means of a decentralised asset ID. A unique, central ID protects against forgery.
Logistics and supply chain
Track and trace, or seamless tracing of supply chains. Processes within supply chains can be automated through smart contracts. Transport of dangerous goods can be documented with secure verification methods.
Automated billing of infrastructure services between railway infrastructure undertakings (RIUs) and railway undertakings (RUs).
Thanks to our intensive engagement and experience with distributed ledger technology, we can help you to understand and apply it to your business models effectively. Contact us for further information.