IOTA and the Transit Token – turn a Budget into a Revenue Stream

Transit Tokens were issued by a Transit authority to provide Proof of Payment so a user of the service could access a Transit system, get on a bus, a tram, a or a subway car.

The old Transit Token was deposited into a Token Fare machine at the entry point to the transit system.

As with any form of currency, Transit Tokens could be counterfeited and sold as fakes. Toronto Transit Commission’s Token.

Transit Authorities also needed to maintain the Token dispensing machinesthroughout the Transit systems, some hundred, if not thousands of locations. Fare machines generated a huge amount of Capital and Operational cost to purchase, to keep them running. public responds.

At Chameleon Stream we are creating Digital Twins of the Transit Token and distributing them over our Global IoT Network.

Read the Full Article

This post was originally published on The IOTANews Community curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites. If you have a claim of copyright infringement with respect to material, please mail to support[at] is a community run website and is NOT affiliated with the IOTA Foundation in any way.

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More