US DOT wants to fund research into crypto token incentives for drivers

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The US Department of Transportation’s Small Business Innovation Research (SBIR) program unveiled a number of proposed research areas this week, including one that proposes to investigate the use of crypto tokens to incentivize approaches to what it calls ” use of modality by consumers “.

The information was included in a pre-application notice issued on January 6. According to the document, the research area anticipates that, as the US economy emerges from the impact of the COVID-19 pandemic, there will be parking space for consumers, workers and other drivers. become limited.

“This potential shortage of shared parking resources, as well as the uncertainty of finding an uncoordinated open space, presents an opportunity to influence commuter decisions in real time,” says the DOT, continuing to explain:

“A novel strategy using blockchain technology would provide a dynamic approach to incentivize alternatives to driving. For example, travelers can spend tokens to reserve a parking spot or receive tokens for agreeing to use a different mode of transportation. Spaces are reserved and scarce, the system can offer increasing incentives, or tokens, for travelers to choose not to reserve a space or to take a different mode, such as public transport and other shared mobility options. Blockchain technology could facilitate transactions of trusted and tracked payment and provide verification to ensure users can access a reserved parking space or earned incentives. “

In addition, the use of blockchain technology could guarantee transparent information in real time on incentives for travelers; provide secure decentralized token management and ensure data credibility; allow the use of novel gamification strategies among users as an additional incentive; and facilitate the coordination and scaling of the system to multiple facilities, ”continued the DOT document.

Without a doubt, the foreseen research area is early; Specific funding, the number of which is not determined according to the document, requires the preparation of a proof of concept report for a mobile application through which the incentives would be distributed. The follow-up phases would focus on a pilot program.

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