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Our vision is to help build a more integrated transport system and develop a consensual position for connected travel across the North.

In this latest episode of our Transport for the North Podcast, we look at our Connected Mobility Strategy and how it is focused on delivering better journeys for passengers across all modes.

There is an expectation across authorities and passengers for their transport networks to be better integrated – connecting the systems they use to plan and pay for journeys to the places that matter to them.

At Transport for the North, our role is to highlight a lot of the successes and best practises emerging from transport authorities that have done work in this space.

Through collaborative working and knowledge sharing we can understand different needs and bridge the gaps to connect places. We want a system that works for every area of the North, from rural to urban.

Key to our strategy are three themes. Firstly, the future of ticketing, including pay-as-you-go options across the North and fares reform.

Secondly is data and infrastructure – what’s the best approach to getting the required technical integration across modes of transport and infrastructure.

And thirdly we look at future mobility, which considers novel transport systems and how they integrate with the existing route networks.

There remain gaps in governance around multi-modal ticketing and fares modelling tools, but through collaboration we want to facilitate discussions on shared packages that support outcomes and avoid funding competition.

Overall, this work will enable change through building an evidence base that allows partners to really get to grips with this important issue.

You can share your thoughts on our podcasts by finding and following us on social media.

Building a better connected transport system | Episode 67

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In an interview conducted at the NFT.NYC conference in New York, David Berlind engages in a conversation with Amy Kalnoki, the COO and co-founder of Bitwave. Bitwave is essentially an accounting solution that bridges the gap between an organization's traditional financial recordkeeping systems (e.g., NetSuite, Quickbooks, etc.) and its implementations of blockchain. The net effect, Kalnoki claims, is an automated consolidation of all financials (fiat and cryptocurrency) into one single source of truth in a way that's designed to simplify both financial recordkeeping and tax compliance. This arrangement overcomes the inability of traditional financial systems to cope with the complexities of cryptocurrency recordkeeping. 

Creating a single source of truth when public blockchains are involved is a highly nuanced process. Different organizations engage with different public blockchains for a variety of applications that involve different financial patterns. For example, whereas some organizations transact in certain cryptocurrencies as a part of their e-commerce workflows, other organizations rely on a public blockchain for non-payment-related applications that require crypto-based payment of a blockchain's service fees. In those and other use cases, organizations end up keeping some amount of crypto in their treasuries, and the tax implications connected to that activity are non-trivial. According to Kalnoki, it's not just fungible token activity that businesses must keep an eye on. Now, with businesses increasingly discovering the transformative power of non-fungible tokens (NFTs) to drive new or improved business outcomes – Kalnoki cites ticketing and gaming as two such applications – trying to track all blockchain-related financials using extemporaneous methods is not an option (which explains why Kalnoki was speaking at a conference about NFTs). 

The conversation shifts to regulatory challenges, focusing on IRS regulation 6050I, which aims to treat crypto transactions over $10,000 as cash equivalents, necessitating detailed reporting. It's a rare example of where a small shred of regulatory clarity exists such that businesses (and solution providers like Bitwave) can work with blockchain in observance of certain legal guardrails. But a dearth of such regulatory clarity is still problematic for most American businesses. As the gears of blockchain law and policy-making have essentially ground to a halt in Washington, DC, organizations are holding, back on their blockchain applications for fear of waking up one morning on the wrong side of the law.  Kalnoki acknowledges the need for more clarity in order to foster compliance and, ultimately, innovation. 

Finally, Kalnoki invites viewers to attend Bitwave's Enterprise Digital Assets Summit in Nashville (July 2024), where the conversation will address the challenges and solutions to business adoption of blockchain amid regulatory uncertainty.

To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/bitwave-looks-ease-accounting-complexities-arise-enterprise-adoption-nfts

The video can also be watched on Blockchain Journal's YouTube Channel at:
https://www.youtube.com/watch?v=7nHeqppkXa8

For information about Bitcoin2024, please visit:
https://bitcoin2024.b.tc/2024

Bitwave Looks to Ease Accounting Complexities That Arise From Enterprise Adoption of NFTs

In this episode of "The Right Track", Global Railway Review chats to Milda Manomaityte, Innovation Director at Railway Industry Association (RIA) following her presentation at the RIA Innovation Summit 2024 and the publication of the "Destination: Revenue Growth" ticketing blueprint.

The Right Track Podcast Series, Ep 5- Ticketing

The world's leading source of information for enterprises and businesses looking to use blockchain as an application platform for digital transformation, business innovation, customer engagement, and industry disruption.

The Transport for the North Podcast is your bite-size guide to everything that is happening across the North of England, all in one place. We will keep you updated on the latest transport and business developments in our region, so make sure you join us to hear the most recent news. Give us a follow to stay up to date!

https://transportforthenorth.com/news/podcast/

New tracks tagged #Ticketing