Blockchain Technology In Railway Industry

1. Blockchain In Railways

2. Introduction to Traditional Railway System The railway industry is one of the most complicated, interconnected, and high risks involved industry. The entire network has been tied up with villages, cities, states, and countries, with a huge dynamic database. Without the 24 hours of monitoring and governance, it is impossible to avoid security issues, accidents, wrong signals, passenger insecurity, and a lot. So, a single small wrong information can cause huge damage to the entire network.

3. Introduction to Traditional Railway System You may say "The current railway system seems to be more efficient and we are not facing any problems as a common man"". But, the reality is there are a lot of issues and those issues are not transparent to the public but are creating high-level complexity to the railway control systems. We are going to discuss about what are those hidden issues, and how blockchain is gonna bring resolve them with its potential use cases.

4. Why Blockchain Is Essential for Railway Industry In the current conventional railway operations, signals and other information from control rooms are directly passed to the drivers, not the trains. So the live information receiver is a human. This manual comment receiving and implementation can result in technical failure. So, to make this entire system more dynamic, we need to decentralize it, as a result, trains(drivers) can automatically find the right routes and can make decisions on it. This entire actions can be made auditable under smart contracts, only if the focused decentralized system implemented successfully without harming the current conflict-free state of the railway networks.

5. Why Blockchain Is Essential for Railway Industry Blockchain implementation in the railway must ensure the current safe blocks upkeeped by the conventional railway frameworks. Those safe blocks are. Preventing collisions while a train stops unexpectedly, or derails. Emergency Braking while red signal received or the operator does not react Detecting the train decomposition and continuously varying speed. While implementing blockchain, it is very important to ensure whether the current AI - Supported decision making along with the train side, lineside IT components have not been affected.

6. Train Accidents Statistics India is the second highest populated country. It consists of several states and different language speaking citizens. Also, a lot of Indian people are not working in their native location, 50% of people are in the necessary to travel somewhere for their job on daily basis. This causes the Indian railway network to be very busy every day and hence train accidents are becoming unavoidable inside the country. Total Train Accidents in India In 1960 to 61 - 2131 In 1970 to 71 - 840 In 1980 to 81 - 1013 In 1990 to 1991 - 532 In 2010 to 2011 - 141

7. Challenges In Railway Industry Though the railway is a transportation industry, it plays a dual role, one as a revenue generator and another one as economy influencer. Since rail networks are the gateway for passengers from other countries and other states, the entire system has to ben more secure to avoid the terrorist entry, and to prevent the export of illegal goods. Train Schedule & Accidents. Improvement Cost, Revenues and Staff Wages Related Problems. Passenger Facilities & Insecurity. Political Influence.

8. Use Cases of Blockchain in Railway You can check out more use cases here. Can Implement Loyalty Schemes / Reward Points Can Improve Identity Management Predictive Maintenance Decentralization on Train Operations Automated Billing

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