Beijing BotAioT Intelligent has been tapped by China’s Highway Research Institute to provide electronic blockchain data and certificate storage platform services to enable the institute to improve highway transport infrastructure and equipment calibration test efficiency and traffic flow rates.
BotAiot will build a blockchain-based electronic certificate consortium chain for the Highway Research Institute to store and encrypt data collected by online metering and calibration-testing equipment of commercial transportation vehicles originating from both highways and vehicles.
BotAiot's electronic consortium chain will also provide consortium chain member management, intelligent contract development, certificate issuance, query, cancellation, management and other functions, as well as blockchain custody services. The total number of devices in the e-certificate alliance chain service exceeds six million units, which are expected to be completely covered in the next two years. BotAiot will charge a fixed service fee per unit per year.
“Luokung has been actively promoting the application of blockchain technology in various fields of spatial-temporal big data. This contract marks the beginning of our commercial services in the field of highway transportation,” said Xuesong Song, chairman and CEO of Luokung Technology.
Luokung Technology is the operating affiliate of BotAiot. The latter is a leading spatial-temporal intelligent big data services company and provider of interactive location-based services and high-definition maps in China.
Song added: “Combining Luokung's blockchain and artificial intelligence technologies, we anticipate strengthening our relationships and expanding our scope of blockchain services with more enterprise and institutional partners that recognise Luokung's competitiveness in highway transportation."
The BotAiot electronic blockchain data and certificate storage platform integrates cloud computing, artificial intelligence, multimedia live broadcast, Internet of Things, electronic fence, blockchain and other technologies to realise remote online data collection of road and vehicle-related metering equipment.
Combined with artificial intelligence technologies, BotAiot's service system can automatically identify, label and test collected data, then store the data, testing reports and certificates on the blockchain, and issue an electronic certificate for the device. The system can improve the calibration test efficiency of transportation infrastructure and equipment by shortening the test cycle, thereby enhancing traffic safety and efficiency, and significantly reducing labour costs.
The system will be applied to multiple scenarios involving calibration tests of metering equipment, including vehicle axle type identification equipment at national highway entrances and exits, vehicle size identification equipment, on-board equipment on long-distance buses, tourist buses, trucks, and hazardous materials transport vehicles, as well as highway bridges and tunnels condition inspection equipment.
"Blockchain and other distributed ledger technology services are fundamentally changing the service models of various industries, helping enterprises reconstruct and manage identity, data, brand, provenance, professional certification, copyright and other assets while improving the security of data management and the immutability of transaction authentication and records,” said Xueyu Lu, CEO of BotAiot.