Weekly Newsletter

17 May 2024

Weekly Newsletter

Could blockchain really revolutionise ticketing? 

The System for Ticketing Ubiquity within Blockchains (STUB) could connect transport ticketing.

Patrick Rhys Atack May 10 2024

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. 

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.  

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

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.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close