CARDIFF, UK, Tuesday August 9th, 2022 – Amey Consulting has entered into a partnership with Finboot to develop a blockchain solution using its MARCO platform to cut conflict-associated costs in the rail industry.
Conflicts cost the rail industry billions of pounds each year. A successful blockchain solution could not only eliminate costs through improved operational efficiency but also improve safety and customer satisfaction. There are also likely environmental benefits with improved railway reliability leading to less emissions.
Juan Miguel Perez, CEO, Finboot says: "At Finboot we've been looking at how blockchain can act as the backbone of a digital solution for the complex requirements of Access Planning. To have the opportunity to explore and develop this with Amey, a leader in the railway industry, it's a great opportunity for us.
“We are excited by the potential of how we can bring added transparency and real-time visibility to such an important process within the sector. We look forward to where this goes next, and we are convinced that the potential is huge."
Tom Kinnear, Partner at Amey Strategic Consulting, said: “Blockchain has the potential to unlock collaboration across our industry, something which is really needed in our sector.
“The work we have done with Finboot has enabled us to explore the benefits and also demonstrated the safety and efficiency case behind the technology. We’re excited about the value it can provide in the future.”
Technology Connected, a Welsh Government funded organisation which unifies and promotes Welsh technology across the world, is supporting the project. The Finboot MARCO blockchain solution has been tested and verified with subject matter experts, with the next stage being the live test of a minimum viable product on Wales’ railways.