Turn a Transit Budget into Revenue Steams and Data with Digital Tokens.

@Green_Protocol
Sep 9, 2018 · 2 min read

Some of you may be old enough to remember the old Transit Token of the past.

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 machines throughout 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.

The Digital Transit Token is redeemed phones and tablets. You “carry” the Transit Token in your phone, instead of a carrying the old Transit Tokens in your pocket, purse, etc.

The Digital Transit Token allows you to transfer through the Transit System using a QR-Code to get on a Train, Tram, Bus or Subway Car so you could travel farther “through the Transit Service”.

The Digital Transit Token and phone GPS allows the Transit Authority to see how “far”, where, and when, the Digital Token travels too. Its in the form of Data. Data and GPS “travel throughout the Transit system too”. The Token travels along the Wireless Network that connects the buses, trams, Subway cars and Trains to the “real world” Transit System.

Now, The Digital Transit Tokens that we create have “other value”.

Our Digital Transit Token can be redeemed at participating Restaurants, Cafe’s, Magazine and Newspapers stands, Doughnut shops, etc.

You get more “bang for your buck” and the participating stores, restaurants, etc. along the “line” can increase profits by reducing credit card fees, improving sales, and not renting credit card payment terminals on a monthly basis.

They also get Data. Sales, Marketing, Time of Use, they can create Loyalty, Reward programs, there’s many “values” a Digital Twin of the Transit Token, one can provide.

At Chameleon Stream, we can “mint” and deliver your Digital Transit Tokens over our Global IoT Networks. We “coined it a Green Protocol”.

    @Green_Protocol

    Written by

    Entrepreneur - DLT Enthusiast

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