Soarchain, as a pioneering blockchain-based mobility infrastructure platform, plays a pivotal role in transforming cities into intelligent and connected spaces by leveraging blockchain, Internet of Things (IoT), and data-driven approaches. Soarchain empowers cities to become more resilient, responsive, and sustainable through its comprehensive suite of solutions like Intelligent Transportation Systems (ITS), Integrated Payment and Ticketing System, Connected and Autonomous Vehicles (CAVs), Mobility as a Service (MaaS), Citizen Engagement and Feedback and Dynamic Pricing and Incentive.
In the upcoming article, we will delve into the realm of Mobility-as-a-Service (MaaS) and uncover the implementation of MaaS solutions by Soarchain, shedding light on the diverse range of stakeholders who stand to benefit from it.
In this day and age, as automotive innovations continue to advance, the traditional notion of vehicle ownership is undergoing a transformation. Mobility as a Service or MaaS is a concept that revolutionizes the way people can access and utilize various public transportation options in a user-centric, seamless, convenient and sustainable way.
The breakthrough technology of Soarchain encompasses essential elements that will transform this concept of MaaS into a tangible reality.
Open Market — Soarchain creates an open market environment that brings together various transportation service providers, mobility operators, developers and users on a single platform. This inclusivity enhances the quality and availability of transportation services, offering users more choices and improving their overall mobility experience.
The architecture of Soarchain, offering a holistic one-stop shop for mobility, is crucial for sustainable MaaS implementation benefiting all stakeholders.
Integration — Different modes of mobility such as, public transport, car hailing, car pooling, micro-mobility, personal vehicles can be united to a single application, providing a seamless user experience.
User-centric — As part of the Cosmos Ecosystem, Soarchain utilizes on-chain governance to directly reflect user feedback. Stakeholders can propose and influence the network’s direction, ensuring a decentralized and inclusive decision-making process.
Privacy —Soarchain offers transparency as a whole but privacy on a personal level by giving the users options to whom to share their data and which data to be shared. The data goes from the hardware and passes through the streaming infrastructure in an encrypted way and reaches to the opted dApp or service. Soarchain doesn’t silo this data but only deals with the meta-data in a hashed form such that there’s no way of returning to the plaintext of the meta-data, and transfers it to the data consumer.
At present, personal vehicle ownership remains predominantly essential for the majority and simply offering convenience and competitive pricing is insufficient to shift this established paradigm.
Scalability & Customization — Soarchain demonstrates exceptional scalability by leveraging real-time data processing, filtering out non-essential information through machine learning algorithms, ensuring the authenticity and relevance of shared data compared to other mobility solutions.
A significant hurdle in implementing MaaS is delivering customized solutions for diverse geographic locations. Soarchain targets not only the urban areas, abundant with mobility options but also for rural regions and overcomes this challenge by on-boarding tailored services with an improvised Cosmos SDK ensuring their specific needs are met on the same application.
Interoperability — Being in the Cosmos Ecosystem, Soarchain uses the best in blockchain industry bridging protocol called Inter-Blockchain Communication or IBC, enabling smooth transactions across multiple blockchain networks.This empowers users to effortlessly purchase or sell mobility services from various providers using a single payment option, streamlining the overall experience.
Soarchain’s MaaS solutions bring benefits to each participant within the mobility ecosystem. Apart from the on-chain rewards facilitated by the network, the MaaS solutions offer direct incentives, which are outlined below.