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Title: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: Jeffery Musk on March 01, 2018, 12:37:23 PM Dubai is now setting the world’s first vehicle history blockchain database. It allows tracking each and every vehicle record. The project is undertaken by Dubai’s RTA (Road and Transport Authority).
Know More: Coinpedia (https://coinpedia.org/news/dubai-rta-blockchain-vehicle-tracking-project/) Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: bug.lady on March 01, 2018, 01:09:43 PM OK this is interesting news, but what token do they use to enforce the blockchain is cryptographically sound? The article is silent in that regard, and as far as I know, without a token you really cannot secure your blockchain's immutability.
Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: stompix on March 01, 2018, 10:07:40 PM OK this is interesting news, but what token do they use to enforce the blockchain is cryptographically sound? The article is silent in that regard, and as far as I know, without a token you really cannot secure your blockchain's immutability. There is no need for a token. What would a token represent, why would somebody transfer tokens? It's simple, the block chain is held and maintained by the RTA, instead of transactions is stores vehicle data. You don't check the balance in an address, you check the the vehicle history. No real mining, no chance of a 51%, a Sybil or a spam attack. Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: Sudarmoon on March 02, 2018, 12:06:14 AM Dumai is a very advanced and rich country in the world, I think with the existence of such projects or blocking vehicles is good enough to apply, hopefully I am many countries that follow the good step dubai country.
Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: buytheeffinD on March 02, 2018, 12:48:10 AM Finally some real world innovation and it doesn't have to get debated whether it will function or work because there are clearly cars in Dubai. Will want to hear more about it as it gets implemented, but a brilliant start.
Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: btcCoincart on March 02, 2018, 01:00:32 AM Any more evidences? We need more to know
Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: bug.lady on March 02, 2018, 09:21:30 AM OK this is interesting news, but what token do they use to enforce the blockchain is cryptographically sound? The article is silent in that regard, and as far as I know, without a token you really cannot secure your blockchain's immutability. There is no need for a token. What would a token represent, why would somebody transfer tokens? It's simple, the block chain is held and maintained by the RTA, instead of transactions is stores vehicle data. You don't check the balance in an address, you check the the vehicle history. No real mining, no chance of a 51%, a Sybil or a spam attack. I thought the benefit of blockchains was that it was immutable and cryptographicaly secured. If it is neither of those two things, why not use a regular database instead? Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: YuginKadoya on March 02, 2018, 09:56:33 AM This can be very helpful for authorities and for the person owned the vehicle that have been put a tracker or should we call it blockchain tracker, This will have a positive and even a negative effects for the owners this could affect their privacy but for just knowing the locations of the vehicle, But the biggest picture would be for the security purpose,
Title: Re: Dubai’s RTA working on a blockchain-based vehicle tracking project Post by: stompix on March 02, 2018, 02:34:58 PM OK this is interesting news, but what token do they use to enforce the blockchain is cryptographically sound? The article is silent in that regard, and as far as I know, without a token you really cannot secure your blockchain's immutability. There is no need for a token. What would a token represent, why would somebody transfer tokens? It's simple, the block chain is held and maintained by the RTA, instead of transactions is stores vehicle data. You don't check the balance in an address, you check the the vehicle history. No real mining, no chance of a 51%, a Sybil or a spam attack. I thought the benefit of blockchains was that it was immutable and cryptographicaly secured. If it is neither of those two things, why not use a regular database instead? The only benefit would be a mirrored database and more security since the chain can be hosted in different places and have checkpoints. Instead of back-ups you rely on nodes (probably in this case car dealerships and car services) and they will also be the only ones that can insert info in the chain. In terms of costs it could be an advantage, since you pass most of them to others. Besides, just because some thing is being developed it doesn't mean it's actually going to work or it's better than what we have. Now, asking you a question... Why would you need a token for this and what would the purpose of trading it? |