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Concordium partners Swvl on mass transit blockchain
- August 18, 2021
- William Payne
Swiss blockchain tech developer Concordium and Dubai based mass transit and shared mobility specialist Swvl are partnering to implement blockchain technologies for use in mass transit systems.
Swvl provides ride sharing via an app, with customers able to access private buses and vans that operate according to fixed and semi-fixed routes, stations, times, and prices.
Concordium will provide a blockchain-based technology platform that aims to upgrade the mass transit travel experience for Swvl’s customers. The platform is intended to help solve complex logistical challenges that are inherent in mass transit. The solution will also help advance Swvl’s efforts at decarbonisation and smart, green mobility.
Concordium’s platform is intended to allow natural ebbs and flows in customers’ travel needs to be traced faster and more accurately, and fed into evolving travel routes through Swvl’s dynamic routing capabilities, making trips faster and cheaper.
The technology is designed to allow for the creation of interactive relationships between Swvl and its customers with enhanced driver monitoring and performance tracking, as well as increased efficiency and quality of service.
The new platform is also intended to allow driver remuneration to be better linked to performance, incentivising drivers to provide improved service.
Lone Fonss Schroder, Concordium’s chief executive, said: “Mass transit systems are inherently flawed, with inefficiencies that create significant barriers and cause daily commuting to be a struggle. Combining Concordium’s differentiated blockchain technology with Swvl’s cutting-edge mobility platform provides a seamless commuting experience that will change mass transit on a global scale.”
Mostafa Kandil, Swvl Founder and CEO, said: “Swvl set out to create the mass transit system of the future, for the cities of the future. Our partnership with Concordium will improve the real-time capabilities of our offerings. We will be even better positioned to capitalise on fast-changing customer demands, resulting in quicker and more flexible commuting experiences.”