This one day crash course proposes to demystify Blockchain and clarify its potential for urban mobility and public transport. As the topic remains new and its evolution partly unknown, the topic will be addressed by showcasing state-of-the art of where we are and what we know as of today.
Blockchain, the technology behind Bitcoin, is an example of a distributed ledger technology (DLT). A DLT is a virtual decentralised database or ledger, maintaining a permanent and tamper-proof record of transactional data. It is managed by computers allowing a peer-to-peer (P2P) network, whereby each of the peers (computers) in the network maintains a copy of the ledger. Peers can add new transactions to the block as long as they comply with previously agreed protocols (rules). All copies are updated and validated automatically and simultaneously.