German railway company Deutsche Bahn AG has partnered with Unibrigh blockchain startup to examine the possibility of tokenizing its ecosystem.
The railway giant aimes to find out whether decentralized solutions can cut operational costs and help DB interact with other members of the travel industry. To this end, Unibright to hold an internal workshop, dedicated to the possible tokenization of Deutsche Bahn’s assets.
The workshop is not aimed at the near-term implementation of the technology, the Company management believes that blockchain will allows the company “get one step closer to an independent acceptance of services of different suppliers” and build new distribution channels.
Unibright developed a proof-of-concept (PoC) based on the idea that blockchain could connect different areas of a common journey, such as single travels, miles, services, catering, hotel bookings or even local transport. To achieve that, each part of the trip has to be tokenized. In the PoC, tokens can be purchased and sold by a customer, or exchanged for other services due to the interoperability of the ecosystem. Moreover, tokens can be used by the issuer as a reward for loyal customers (e.g. be granted for miles).