Close Menu
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Cardano Price Prediction: Q3 Dip Could Be Final Buy Opportunity Before a 10x Surge

June 10, 2025

Analyst Says Dogecoin Price Needs To Break Through This Level, $0.4 In Sight?

June 10, 2025

XRP Price Prediction: Golden Cross and Long-Term Holder Data Hint at Explosive Pump 

June 10, 2025
Facebook X (Twitter) Instagram
CredBit.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading
Facebook X (Twitter) Instagram
CredBit.com
Home » Could blockchain really revolutionise ticketing? 
Blockchain

Could blockchain really revolutionise ticketing? 

May 10, 20245 Mins Read
Facebook Twitter WhatsApp Pinterest Telegram LinkedIn Tumblr Email Reddit VKontakte
Could blockchain really revolutionise ticketing? 
Share
Facebook Twitter LinkedIn Pinterest Telegram Email
Researchers think blockchain could turn ticketing upside down. Credit: Shutterstock

A new paper from University of Birmingham researchers has suggested a system using blockchain could make transport ticketing “smart”. 

The System for Ticketing Ubiquity within Blockchains (STUB) would allow for interconnected ticketing across transport modes, the UK academics said. 

Along with ontology (the formal representation of knowledge within a domain and the relationships between those concepts, used to model and manage complex information systems) the paper explains how blockchain could create “a robust, transparent, and interconnected data framework that ensures consistent and reliable shared knowledge.” 

The blockchain data ledger would allow service providers to sell and validate tickets as “tokens” on the secure network, meaning passengers could avoid complicated and unconnected ticketing systems and pay via a single portal. 

“The integration of ontology allows providers to capture and share contextual information about the transport network, enabling providers to offer comprehensive data about routes, schedules, and availability, thereby streamlining the ticketing process,” according to Joe Preese and colleagues. 

“STUB’s approach is not to be a single central data platform with transport policy baked-in, but instead to be a policy-agnostic approach that empowers existing ticket providers and technologies to share core ticketing data and to build new solutions on top of,” the lead author added. 

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

But that building process would not be quick or easy. 

“A big challenge to implementation will be the integration with existing ticketing infrastructure to work alongside the current standardised approaches whilst we scale up the technology. Setting up a successful pilot will be key to breaking down these barriers,” Preese said.  

Email newsletter icon

Sign up for our daily news round-up!

Give your business an edge with our leading industry insights.


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit VKontakte Telegram WhatsApp

Related Posts

California’s DMV is using the blockchain to prevent title fraud

July 30, 2024

What Are the Hottest Blockchain Stocks Right Now? 3 Top Pick

July 30, 2024

MetaCene and Mantle: Pioneering Blockchain Evolution in Gaming Industry

July 30, 2024

Argo Blockchain PLC Announces Private Placement With Institutional Investor

July 30, 2024

Transitioning from Miners to Stakers: Securing the Ethereum (ETH) Blockchain

July 30, 2024

This is How Developed a Decentralized e-Mail System Is on the Blockchain

July 29, 2024

Comments are closed.

Editors Picks

Cardano Price Prediction: Q3 Dip Could Be Final Buy Opportunity Before a 10x Surge

June 10, 2025

Analyst Says Dogecoin Price Needs To Break Through This Level, $0.4 In Sight?

June 10, 2025

XRP Price Prediction: Golden Cross and Long-Term Holder Data Hint at Explosive Pump 

June 10, 2025

$100 Trillion Crypto Boom? Experts Say It’s Closer Than You Think

June 10, 2025
© 2025 - credbit.com - All Rights Reserved!
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.