Beijing BotAioT creates blockchain platform for traffic data

China’s Highway Research Institute will engage BotAioT to build a blockchain platform for storing electronic certificates and road measurement data.

Beijing BotAioT is building a system to encrypt data from online vehicle measurement and calibration test equipment.

BotAiot’s blockchain platform is designed not only to provide data storage services, but also to help make management decisions, develop smart contracts, and issue certificates.

Combined with artificial intelligence technologies, the BotAiot service system will be able to automatically identify, tag and test collected data, store test reports and certificates on the blockchain, and issue electronic certificates for roadside measurement equipment. Within two years, the total number of monitored devices and electronic certificates issued on the BotAiot blockchain is expected to exceed 6 million units.

“Blockchain and distributed registry technology capabilities are revolutionizing service models across industries, helping businesses recover and manage identity, data, brand, provenance, professional certification, copyrights and other assets,” said BotAiot CEO Xueyu Lu.

In China, it will soon be possible to pay tolls on highways using the state’s cryptocurrency. For now – in the neighborhoods of Fuzhou and Xiamen, Fujian province. The system will connect 72 payment points, and the process “will not differ from payment with Alipay or WeChat Pay.