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Blockchains: A Distributed Data Ledger for the Rail Industry
Abstract
In recent years, the UK railway industry has struggled with the effects of poor integration of data across ICT systems, particularly when that data is being used across organizational boundaries. Technical progress is being made by the industry towards enabling data sharing, but an open issue remains around how the costs of gathering and maintaining pooled information can be fairly attributed across the stakeholders who draw on that shared resource. This issue is particularly significant in areas such as Remote Condition Monitoring, where the ability to analyse the network at a whole-systems level is being blocked by the business cases around the purchase of systems as silos. Blockchains are an emerging technology that have the potential to revolutionize the management of transactions in a number of industrial sectors. This chapter will address the outstanding issues around the fair attribution of costs and benefits of data sharing in the rail industry by proposing blockchains as a forth enabler of the rail data revolution, alongside ESB, ontology, and open data.
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