IDEAS home Printed from https://ideas.repec.org/h/spr/spochp/978-3-031-07535-3_19.html
   My bibliography  Save this book chapter

The New Economy of Movement

In: Handbook on Blockchain

Author

Listed:
  • Tram Vo

    (MOBI)

  • Chris Ballinger

    (MOBI)

Abstract

The convergence of a number of emerging technologies—including AI, IoT, and Blockchain—permits any entity, whether a vehicle, smartphone, sensor, road, or another piece of transportation infrastructure, to have a trusted identity, be intelligent, communicate, and autonomously participate as an independent economic agent in transactions. These transactions will become a large part of the new, pay-as-you-go, mobility services economy at the “edge”. The potentially large number of independent agents, combined with the frequency and near real-time latency requirements of these transactions, will require edge connectivity, processing, execution, settlement, and new types of digital identifiers. For a roaming, connected entity—such as a person, vehicle, smartphone, electric vehicle (EV) battery, or package—one of the most important and valuable attributes is its location in time and space. Combining secure identity with trusted time-stamped locations creates a “Trusted Trip” and, for the first time, enables marginal cost pricing for many new classes of mobility transactions such as urban road tolling, meter-free parking, congestion management, carbon and pollution taxing, usage-based insurance, and many other usage-based Mobility as a Service (MaaS) applications. Together, these new transactions will comprise a multi-trillion-dollar ecosystem that we call the New Economy of Movement.

Suggested Citation

  • Tram Vo & Chris Ballinger, 2022. "The New Economy of Movement," Springer Optimization and Its Applications, in: Duc A. Tran & My T. Thai & Bhaskar Krishnamachari (ed.), Handbook on Blockchain, pages 603-629, Springer.
  • Handle: RePEc:spr:spochp:978-3-031-07535-3_19
    DOI: 10.1007/978-3-031-07535-3_19
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spochp:978-3-031-07535-3_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.