Hyperloop Transport Technologies co-founder Bibop Gresta has revealed plans to use cloud-based blockchain technology to verify passengers and make traveling more streamlined and efficient.
“We need a technology that allows us to get what we need in that particular moment. We have imagined this future. A passenger will be identified by the system and as soon as the system intercepts you, it will create a smart contract. This smart contract will stay in the cloud and will identify your biometry,” Gresta explained.
Hyperloop, which was conceptualised by SpaceX and Tesla CEO Elon Musk, is looking to launch an intercity transportation method that will take passengers from city to city in relative comfort while traveling at 760 miles per hour.
The company launched the first two miles of a hyperloop in Los Angeles in 2018. Reports claimed that the cost of the project stood at $10 billion, but Gresta refuted those figures by stating that it cost “$150 million”.