BBA President on Blockchain’s Role in Transportation: California Initiative to Enhance Trust and Transparency

‘Naqvi told Cointelegraph:

“Many research papers have been published exploring the utility of blockchain technology in transportation infrastructure. The potential scope of projects goes beyond title transfer — We can tokenize and decentralize automated fare collection, build fair subsidy compensation mechanisms, streamline proof of location within a trusted execution environment with on-chain smart contracts, and automate fine and penalty payments.”

‘Naqvi called the California initiative a “welcome development” because it will enhance trust and transparency in social contracts and business processes.”

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