BikeBlockchain Helps Riders Quickly Recover Stolen E-Bikes
Justin Lam — September 6, 2018 — Tech
References: ibm
In an effort to reduce e-bike theft the Dutch Road Transport Authority (RDW) has developed the BikeBlockchain to better process thefts and aid in recovery. Choosing to focus on e-bikes, this new blockchain-based initiative has already been warmly received by the insurance sector and serves as a prime example of a government body leveraging modern technological innovation.
The efficiency of the BikeBlockchain ensures that users are easily able to track stolen bikes thanks to an integrated smart lock. This lock logs all the instances when the bike is locked and unlocked and quickly shares the last location on a companion app. The BikeBlockchain app also allows users to instantly report the theft to the police who will produce and automatically generated warrant.
Image Credit: IBM
The efficiency of the BikeBlockchain ensures that users are easily able to track stolen bikes thanks to an integrated smart lock. This lock logs all the instances when the bike is locked and unlocked and quickly shares the last location on a companion app. The BikeBlockchain app also allows users to instantly report the theft to the police who will produce and automatically generated warrant.
Image Credit: IBM
Trend Themes
1. Blockchain-based Theft Tracking - Implementing blockchain technology for theft tracking in e-bikes can revolutionize the recovery process and improve security.
2. Integrated Smart Locks - Developing e-bike smart locks that automatically track lock and unlock instances while providing location information can be a game-changer in theft prevention.
3. Government Adoption of Technological Innovations - The Dutch Road Transport Authority's BikeBlockchain is an example of how government bodies can leverage modern technology to improve processes and services.
Industry Implications
1. Insurance - The insurance sector can benefit from blockchain-based theft tracking to provide better coverage and reduce risks associated with e-bike theft.
2. Smart Lock Manufacturing - Manufacturers of smart locks for e-bikes have an opportunity to develop advanced lock systems that integrate with blockchain technology and enhance bike security.
3. Government Services - Government agencies involved in law enforcement and theft recovery can explore the adoption of blockchain-based systems like BikeBlockchain to improve efficiency and accuracy in handling stolen e-bikes.
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