Funded by PETRAS, B-IoT explores, identifies, and demonstrates the potential of distributed ledgers in general — and blockchain technology in particular — in IoT-enabled Intelligent Transportation Systems. The project involves four academic partners (Imperial College London, University of Surrey, University of Warwick, University of Edinburgh) and five commercial partners, with close collaboration to create synergistic effects and broad impact.
The University of Edinburgh branch of B-IoT is working on GeoPact, a subproject demonstrating location verification and smart contracts through a participatory tech experience, open to the public as part of the Petras Transport and Mobility Demonstrator (TRaM).
GeoPact presents a vision of the future that explores a fusion of location-based IoT and ledger technology. Focusing specifically on verifying the location of smart objects and vehicles, we consider futuristic new models of consumption and essential low-carbon transport solutions. GeoPact presents an exciting new experience, enabling participants to explore this new technology combination through a playful future scenario.
Situated in a city in miniature, GeoPact replaces storage depots with IoT beacons and small goods vehicles with electric scooters equipped with special IoT lock-boxes for transporting the ‘goods’. The participants, acting as customers, sign up to a smart contract for an electric car. The contract contains a set of sub-transactions with individual suppliers of the parts. Each transaction is comprised of a set of location-based rules and conditions dictating how and where each part of the kit can be collected. The customers must adhere to these rules to successfully collect the parts from various depots around the city bringing them back to their build site to construct their own electric car.
GeoPact will be part of PETRAS at the Tate in February 2019.