BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines how blockchain technology can be adopted by mobility as a service (MaaS) providers to create new business models to help connect decentralized energy systems.
As blockchain technology begins to transform value exchange in a wide range of industries, the energy sector is exploring how to adapt it to create new and advantageous business models. Click to tweet: According to a new report from @NavigantRSRCH, MaaS providers stand to benefit from adopting blockchain technology.
“Blockchain-based platforms create interoperability between services like electric vehicle charging or ridesharing. The technology opens up microtransaction markets in an affordable way to service providers, allowing MaaS services to be automated,” says Johnathon de Villier, Research Analyst with Navigant Research. “Additionally, they incentivize stakeholders to provide mobility services to the end consumers. Collaboration at the platform level will be essential for success in this rapidly evolving industry.”
To take advantage of the benefits of blockchain technology—which includes the ability to digitize value, reduce transaction costs, overcome hurdles of electric transportation, and automation of secure electronic transactions—Navigant’s report recommends MaaS providers develop platforms that integrate with blockchain-based applications for multiple functions. In addition, it recommends prioritizing scalability over decentralization, and solving issues regarding private key management for device-to-device transactions.
The report, Blockchain Opens a New Frontier for Mobility Services, explores how the benefits of blockchain could help MaaS stakeholders address the challenges raised by digitization, automation, and electrification in the mobility industry. The study also examines the wide range of potential applications for blockchain in the MaaS industry, as well as how blockchain-based mobility services will challenge existing industry players. It concludes with a series of recommendations for approaching and experimenting with blockchain technology to create new business and operational models for a distributed and decentralized transportation system. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Blockchain Opens a New Frontier for Mobility Services, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.