Navigant: Blockchain tech has potential to create new biz models for mobility as service providers

Monday June 11, 2018 0 comments Tags: Boulder, Navigant Research, Johnathon de Villier, blockchain, MaaS

BOULDER -- According to a new report from Navigant Research, mobility-as-a-service providers (MaaS) stand to benefit from adopting blockchain technology.NavigantNEWlogoUSE

The report examines how blockchain technology can be adopted by (MaaS) providers to create new business models to help connect decentralized energy systems.

As blockchain technology begins to transform value exchange in a wide range of industries, the energy sector is exploring how to adapt it to create new and advantageous business models. 

“Blockchain-based platforms create interoperability between services like electric vehicle charging or ridesharing,” said Johnathon de Villier, Navigant research analyst.

“The technology opens up microtransaction markets in an affordable way to service providers, allowing MaaS services to be automated. Additionally, they incentivize stakeholders to provide mobility services to the end consumers.

“Collaboration at the platform level will be essential for success in this rapidly evolving industry.”

To take advantage of the benefits of blockchain technology -- which includes the ability to digitize value, reduce transaction costs, overcome hurdles of electric transportation, and automation of secure electronic transactions -- Navigant’s report recommends MaaS providers develop platforms that integrate with blockchain-based applications for multiple functions.

In addition, it recommends prioritizing scalability over decentralization, and solving issues regarding private key management for device-to-device transactions.

The report, Blockchain Opens a New Frontier for Mobility Services, explores how the benefits of blockchain could help MaaS stakeholders address the challenges raised by digitization, automation, and electrification in the mobility industry.

The study also examines the wide range of potential applications for blockchain in the MaaS industry, as well as how blockchain-based mobility services will challenge existing industry players.

It concludes with a series of recommendations for approaching and experimenting with blockchain technology to create new business and operational models for a distributed and decentralized transportation system.

An Executive Summary of the report is available for free download on the Navigant website.