Ford plans to improve traffic with their new token system

Ford filed a patent for a new token-based car-to-car communication system to reduce traffic congestio
28 March 2018   143

Traffic congestion is one of the most widespread problems in large cities. And now Ford plans to improve the situation with their new system.

The application to US Patent and Trademark Office was submitted yesterday, March 27, 2018. In this patent application Ford plans to focus on the drivers' attitude towards each other.

“Traffic congestion occurs when one or more lanes of a multilane road are blocked, for example, because of a construction or an accident. The blocked lanes reduce the flow rate of vehicles through the section of the road with the blocked lanes. The reduced flow is compounded due to the psychology of human drivers who focus on their individual travel time preferences.”, is stated in the patent.

Ford plans to utilize a new CMMP token - “Cooperatively Managed Merge and Pass” to make travel faster and easier for everybody with their Cooperative Adaptive Cruise Control system. People who allow other drivers to merge into their lane will be rewarded with the said tokens. Or, for example, one can exchange tokens when “occupying slower lanes of traffic”. And if you're in real hurry or are late for the meeting, you can request other drivers on your way to let you pass for the price paid in CMMP.

So, if you think about other people on the road, you get tokens for it, and then you can exchange them for a faster way to get somewhere when you are in a dire need.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   32

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.