NFT Transportation Tickets: Transparency, Anti-Fraud, and Public Disclosure

Non-transparent or fraudulent transportation tickets are a common issue in many countries, primarily due to ineffective ticket management systems. This issue can be mitigated by implementing NFT (Non-Fungible Token) and blockchain technology into electronic ticket management systems. In this article, we’ll explore what NFT tickets are and how they function.

Description of NFT Transportation Tickets

NFT transportation tickets are a type of transportation ticket that utilizes NFT and blockchain technology to publicly and transparently verify users’ access rights to various routes or modes of public transportation.

Issues to address and the Utility of NFT Tickets

Current transportation ticket-related issues include:

• Ticket Fraud: Ticket fraud is a prevalent issue in many countries. Fraudulent activities can take various forms, such as using counterfeit tickets, reusing old tickets, or using someone else’s tickets. Ticket fraud can lead to financial losses for transportation agencies and result in unfairness for legitimate ticket holders.
• Increased Costs for Citizens: When transportation agencies suffer financial losses due to ticket fraud, they may be compelled to raise ticket prices for citizens to compensate. This can make public transportation more expensive, potentially limiting accessibility for many people.
• Reduced Efficiency of Public Transportation Systems: Ticket fraud can diminish the efficiency of public transportation systems. When too many people use public transportation without paying, transportation agencies may struggle to provide quality services to everyone.

The primary reason for these issues is the lack of effective ticket control systems. Blockchain technology and NFTs can offer solutions to these problems.

NFT tickets offer several advantages:

• Enhanced Transparency: All NFT ticket transaction information is recorded on the blockchain and cannot be altered arbitrarily.
• Improved Security: NFT tickets can help prevent ticket fraud. They are stored on a blockchain, which is a decentralized ledger. Each NFT represents a unique ticket and cannot be duplicated or counterfeited.
• Increased Public Disclosure: Transaction information related to NFT tickets is publicly viewable through blockchain explorers.
• Enhanced Convenience: NFT tickets can be purchased and used online or through mobile applications, making it easy for users to buy tickets and utilize public transportation.
• Personalization: NFT tickets can be used to offer personalized services or incentives to users, helping attract and retain passengers.

Types of NFT Transportation Tickets

Here are various types of NFT transportation tickets for different purposes:

1. NFT Tickets for Public Transportation

These tickets are used for various modes of public transportation, such as trains, buses, or airplanes, and are divided into the following categories:

• Single-Use NFT Tickets: These tickets are for specific journeys and are generated when users purchase tickets. They grant access to public transportation for that particular journey.
• Subscription NFT Tickets: These tickets are designed for regular commuters and are valid for a specified period, such as a month or a year. They are created when users purchase subscriptions and are used to access public transportation within a designated time frame. These NFTs interact with smart contracts to determine usage time and extensions when additional payments are made.

Examples of the adoption of NFT tickets in public transportation include:

• In Taiwan, the Taoyuan Metro began testing NFT tickets for its subway system in 2022.
• In Japan, the Itochu transportation company is researching the use of NFT tickets for the Tokyo subway system.
• In Daegu, South Korea, a city is considering implementing NFT tickets for its bus system.
• Singapore-based startup Faast is developing an application that allows users to purchase and use NFT transportation tickets. The app will also use GPS technology to track user journeys, ensuring that NFT tickets are only used for legitimate trips.

2. NFT Tickets for Road Access

In some locations or at certain toll booths, participants in traffic may be required to use NFT tickets for access. These tickets can also be used to collect highway tolls. This can help ensure that all users pay valid toll fees.

NFT penalty tickets for traffic violations may also be integrated into the blockchain system for processing. They can be integrated with decentralized financial (defi) applications for automatic blockchain-based payments of fines.

Additionally, NFT tickets for road access can provide the following benefits:

• Improved Traffic Safety: NFT tickets can be used to control speed and traffic flow, potentially reducing traffic accidents. Read more about the application of blockchain in the transportation system (vehicle-to-blockchain V2B).
• Enhanced Information for Road Users: NFT tickets can offer real-time updates on traffic conditions, contributing to safer and more efficient travel.
• Promotion of Public Transportation Use: NFT tickets can provide information about public transportation routes, making it easier for travelers to choose public transportation.

Some highway management agencies, such as the California Department of Transportation (Caltrans), have begun testing NFT tickets for toll collection.

3. NFT Tickets for App-Based or Service-Based Transportation

NFT tickets can be utilized within transportation applications and integrated with various transportation features and services, including blockchain-integrated vehicle insurance.

NFT transportation tickets also have the potential to enhance the user experience. For instance, NFT tickets can be used to create new ticket types, such as tickets convertible into reward points or tickets that grant access to additional services like free Wi-Fi or priority seating.

Recently, the popular ride-hailing application in Southeast Asia, Grab, has incorporated Web3 cryptocurrency wallets and NFT functionality into their platform. This application is developed on the Polygon network. However, this new feature is currently only available in Singapore.

BREAKING: Grab (taxi, food delivery, payments app) adds a web3 tab with an integrated crypto wallet pic.twitter.com/NRuDsQT9dE

— jay (@0xjaypeg) September 7, 2023

Furthermore, in the future, each mode of transportation could have its own distinct NFT, referred to as NFT-Vehicle, which can integrate with transportation-related applications and NFT tickets.

In summary, NFT transportation tickets are an emerging technology with the potential to revolutionize how we use transportation services. NFT tickets can enhance security, efficiency, and accessibility in the transportation sector across various countries.

Vietnam Pham – Click Digital

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