TSio Protocol

TravelSpirit Foundation have partnered with Iconic Blockchain to create a visionary new disruptor project, that will help us towards our goal of constructing an open Internet of Mobility.

The TSio Protocol is a decentralised and fully interoperable and commercially agnostic B2B2C mobility account infrastructure for people, spaces and fleets.

It has ubiquitous application – covering three distinct primary markets – passenger transport (cities), autonomous and shared fleets (city/logistics) and intermodal shipping (logistics).

For more information, read our whitepaper and read the Cities Case Study, below.

Case Study – Cities

Working across a distributed network of city nodes, TSio Protocol provides a common global and universal “open-loop” infrastructure, replacing the need for bespoke back-office systems for each city.

Our open framework provides users equitable and open market access to transport services, with cashless, subscription-based and/or subsidised payment mechanisms. We supersede “closed-loop” AFC technology (smartcards) on buses and trains and provide viable infrastructure to the informal minibus taxi market.

Benefits to End Users:
• Cashless and trusted solution, improving safety & security.
• Access to user-based subsidies and micro-credit-worthiness.
• Access without smartphone or contactless banking.
• Develop personal identity and data profile.
• Roaming capability.

Benefits to Transport Providers:
• Surety of payment and uplift in fare revenues collected.
• Access to customer data and new markets.
• Fair and trustworthy subsidy compensation mechanisms.

Benefits to Cities:
• Shift to mass-transit and reduced congestion/pollution.
• Platform for inward investment into public transport infrastructure.
• Easier to allocate subsidies in line with policy objectives.
• Affordable, easy to adopt AFC solution.

These benefits can be delivered through decentralised, self- sovereign and interoperable “mobility accounts”, hosted on our permission- based blockchain network. This includes smart contracts to execute commercial agreements, a shared set of business rules for innovation in fares policy and blended financial subsidies, including user-based subsidy.

Our goal is to provide everywhere and everyone in the world with a common global ITS infrastructure, whose adoption can be achieved organically, rather than procured. We anticipate an open, transparent and crowd-based governance structure that will ensure transaction costs remain affordable.